English, Article, Journal or magazine article edition: Endogenous Growth, Capital Utilization and Depreciation J. AZNAR-MARQUEZ; J.R. RUIZ-TAMARIT

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Bookmark: http://trove.nla.gov.au/version/178371
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Endogenous Growth, Capital Utilization and Depreciation
Author
  • J. AZNAR-MARQUEZ
  • J.R. RUIZ-TAMARIT
Physical Description
  • preprint
Notes
  • We study the one sector model of growth when a linear production technology is combined with adjustment costs and a technology for capital maintenance. Agents are allowed to under-use the installed capital and to vary the depreciation rate. This economy decides endogenously how much resources devotes to the accumulation of new capital and how much to maintenance and repair activities. We find as striking results that the long-run depreciation and capital utilization rates are positively related to the population growth rate, and that both depend negatively on the initial conditions. The long-run growth rate appears positively correlated with the depreciation rate.
  • Maintenance; Depreciation; Capital Utilization; Endogenous Growth
  • RePEc:ctl:louvir:2001037
Language
  • English
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