Capital Obsolescence, Growth Accounting and Total Factor Productivity
The stability of capital lifespan over time is a key assumption of growth accounting studies. However, many empirical works refute this hypothesis and suggest that the average service-life of capital goods has shown a decrease in the advanced economies since the 1970s. I show in this paper that this...
Gorde:
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| Formatua: | Article ou chapitre numérique |
| Hizkuntza: | Français |
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2006
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| Sarrera elektronikoa: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |