The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical … analyses of public capital productivity have generally been limited to the official capital stock estimates available in a …- recognizing that investment may be a poor proxy for the corresponding capital stock. This paper attempts to overcome the data …

Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China …, economy-wide fixed asset series are usually derived by aggregating gross fixed capital formation (net of depreciation) over … procedures, to varying degrees, ignore that (i) gross fixed capital formation does not equal investment, (ii) investment does not …

The emphasis of capital theory in recent decades has moved away from the implications of useful life as an important … invariant with respect to the type of capital policy being applied, whereas at the macroeconomic level it is shown that we … cannot obtain consistent aggregates of capital stock and replacement investment. …

We draw on three strands of literature dealing with utilization, maintenance, and scrapping in order to analyze the … intensity of its utilization and maintenance; second, by ex-panding on the range of explainable operating policies to allow for … linking the operating policies to the capital policy of scrapping. Owing to these enhancements, the analysis leads to several …

We draw on three strands of literature dealing with utilization, maintenance, and scrapping in order to analyze the … intensity of its utilization and maintenance; second, by ex-panding on the range of explainable operating policies to allow for … linking the operating policies to the capital policy of scrapping. Owing to these enhancements, the analysis leads to several …

El documento analiza la evolución del costo de uso del capital en el periodo 1997 –2003 en Colombia. A diferencia de … los trabajos anteriores se construye una serie del costo de uso del capital a partir de la información suministrada por … la crisis de finales de los noventa, lo cual ha repercutido sobre el costo de uso del capital en Colombia. Por otra parte …

presented in this study is based on dynamic duality theory and incorporate public goods (public capital and R&D) as external …