Boucekkine, Raouf; Martínez, Blanca; Río, Fernando del - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005
costs. Within this model, we identify the rate of age-related depreciation and the rate of scrapping. We study the …. decreasing) function of the rate of disembodied (resp. embodied) technical progress. Second, we show that both the age-related … depreciation rate and the scrapping rate increase when embodied technical progress accelerates. In contrast, the latter drops when …