The value of corporate equity in Japan is dramatically smaller than that implied by the sum of the reproduction cost of … estimate of the capital stock and its depreciation to those offered in the National Accounts. The basic difference is that the … depreciation rates underlying our calculations are substantially lower than those used in the Japanese National Accounts, and …

produce updated estimates of net wealth stocks and depreciation. Major components of highways and streets other than pavement … engineering-based depreciation patterns are very dissimilar to the BEA patterns. The engineering-based net wealth pavement stock … depreciation patterns fall from an efficiency level of about 0.055 to zero after 20 years of life; the BEA Hulten-Wykoff-based net …