Neo-classical theory provides an integrated framework by means of which we can measure capital stocks, capital services … and depreciation. In this paper the theory is set out and reviewed. The paper finds that the theory is quite robust and … of aggregate wealth, aggregate capital services and aggregate depreciation for the United Kingdom between 1979 Q1 and …

on companies’ capital retirement behaviour. It is conducted using individual company data, as well as original data on … estimation of capital retirement models may be summarised as follows: i) The retirement rate decreases with the variations in … countercyclical decelerator effect on capital retirement; ii) The capital retirement rate increases with the structural intensity of …

on companies' capital retirement behaviour. It is conducted using individual company data, as well as original data on … estimation of capital retirement models may be summarised as follows: i) The retirement rate decreases with the variations in … countercyclical decelerator effect on capital retirement; ii) The capital retirement rate increases with the structural intensity of …