"d" Along the Business Cycle

Fabrice Collard and Tryphon Kollintzas (kollintz@aueb.gr)

Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies

Abstract: In this paper we look at the behavior of physical depreciation over the business cycle. We do so within the context of a real business cycle model where the decisions of firms about physical capital utilization, maintenance, improvement and scrapping are endogenous. The model encompasses the baseline real business cycle model, where the depreciation rate (d) is fixed. It also encompasses a version of the GReenwood, Hercowitz and Huffman (1988) model of endogenous physical capital utilization, while it shares features with the Burnside, Eichenbaum and Rebelo (1993) variable work effort model.

Keywords: BUSINESS CYCLES; CAPITAL (search for similar items in EconPapers)
JEL-codes: E22 E32 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: "d" Along the Business Cycle (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:athebu:93

Access Statistics for this paper

More papers in Athens University of Economics and Business from Athens University of Economics and Business, Department of International and European Economic Studies Athens University of Economics and Business, Department of International and European Economic Studies. Parission 76, Athens Greece 10434. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel (krichel@openlib.org).