This paper examines the stationary equilibrium situation and the dynamic behavior of the main control variables of an economy where investment is subject to adjustment costs and the maintenance of deteriorated capital goods is considered expensive. The optimal intertemporal resources allocation...

This paper presents the private capital stock estimates for the 17 Spanish regions, for the 1964-1989 period and for the agriculture, industry, building and service sectors. The Perpetual Inventory Method, used in nearly all OCDE countries, is applied to this estimation, entailing a previous...