effects of higher inflation unambiguously declining with asset life. We show that this is true only if depreciation is treated … as geometric for tax purposes. When depreciation is straightline, higher inflation can have the opposite effect …

. investment-specific) technical progress. Second, we show that both the use-related depreciation rate and the scrapping rate … accelerates, while the former remains unaffected. It is also shown that (i) the economic depreciation rate depends on the decline … rate of the quality-unadjusted relative price of investment and (ii) the age-related depreciation rate depends on the …

Champions of sustainable growth often call for more durable production technologies with less capital depreciation. As …

and tax-permitted depreciation, is considered. Both convex and concave survival functions can be accommodated. Three …-relevant accounting capital and true depreciation, (ii) mis-indexation of depreciation allowances, (iii) incomplete deductibility of …-exponential depreciation schedules are forced, by `approximation devices', to fit into the exponential decay schedule. -- Capital taxation …

In this article, we demonstrate that a small degree of stochastic variation in the depreciation rate of capital can … greatly reduce the comovement between hours worked and labor productivity in a neoclassical growth model. The depreciation …