INVESTMENT EFFECTS OF ENDOGENOUS AND EXOGENOUS DEPRECIATION: IMPROVED PASTURES IN URUGUAY
The depreciation rate for capital assets may have endogenous and exogenous components. Change in the exogenous component depends on technological change and/or environmental factors, shifts the production function, and independently affects profitability and investment. Change in the endogenous component does not. These hypotheses are tested using data on Uruguayan grass-legume pastures.
Year of publication: |
1998
|
---|---|
Authors: | Ekboir, Javier M. ; Jarvis, Lovell S. ; Rey, Carlos |
Institutions: | Agricultural and Applied Economics Association - AAEA |
Keywords: | Land Economics/Use |
Saved in:
freely available
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