English, Article, Journal or magazine article edition: Depreciation, Deterioration and Obsolescence when there is Embodied or Disembodied Technical Change Diewert, W. Erwin; Wykoff, Frank C.

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Bookmark: http://trove.nla.gov.au/version/40098
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Depreciation, Deterioration and Obsolescence when there is Embodied or Disembodied Technical Change
Author
  • Diewert, W. Erwin
  • Wykoff, Frank C.
Physical Description
  • preprint
Notes
  • The paper considers how to measure capital in a model where technical progress is either embodied in new units of capital or it is "disembodied" and simply causes the price of capital services to fall. The disembodied case is considered in sections 2-4. Sections 2 and 3 set out standard vintage capital aggregation models when there is no embodied technical progress. Section 4 discusses disembodied obsolescence in more detail. Section 5 introduces new (more efficient) models of the capital good so that technical progress is embodied in the new models. Section 6 shows how the parameters in the Jorgenson model of capital services could be estimated by statistical agencies if their investment surveys covered sales and retirements of used assets as well as purchases of new assets. Section 7 concludes.
  • Aggregation of Capital, embodiment of technical progress, depreciation, deterioration, obsolescence, index number theory
  • RePEc:ubc:bricol:diewert-06-11-23-08-38-56
Language
  • English
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