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Estimating the Capital Stock

José Hernández () and Ignacio Mauleón ()

Documentos de trabajo conjunto ULL-ULPGC from Facultad de Ciencias Económicas de la ULPGC

Abstract: Econometric estimates of the capital stock and the depreciation rate for the Spanish economy in the period 1970-1997, are presented. The methodology is based on the estimation of the production function, yielding a window for the depreciation rate between 5.5% and 6.5%. Methods to make the depreciation rate dependent on a set of variables, and to blend prior and sample information, are discussed and implemented. The unidenti...ability of the initial capital stock is also analysed.

Keywords: Estimation of the capital stock; prior information; variable depreciation rate (search for similar items in EconPapers)
Pages: 21 pages
Date: 2002
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Citations: View citations in EconPapers (4)

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