Nadiri, Mohammed Ishaq; Prucha, Ingmar R. - 2021
structure of an economy. Critical to these contributions of physical and R&D capital is the measurement of the stocks of … physical and R&D capital, which in turn requires measuring their depreciation rates. In this paper we have specified a model of … factor demand that allows for estimating the depreciation rate of both physical and R&D capital jointly with the other model …