Vasilev, Aleksandar - In: Journal of Mathematical Economics and Finance (2021) forthcoming
We allow for an endogenous depreciation rate of physical capital stock into a real-business-cycle model with a … arrangement (1999-2018). We investigate the quantitative importance of the endogenous depreciation rate, and indirectly, the … capital utilization mechanism for cyclical fluctuations in Bulgaria. Allowing for endogenous variations in the depreciation …