Capital estimation: Theory and US-Japan comparative study.

Eric Iksoon  Im; Tam Bang  Vu

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Capital estimation: Theory and US-Japan comparative study.

Author(s)

Eric Iksoon Im College of Business and Economics, University of Hawaii-Hilo, 200 W Kawili Street, Hilo, HI, USA

Tam Bang Vu College of Business and Economics, University of Hawaii-Hilo, 200 W Kawili Street, Hilo, HI, USA

Abstract

Capital stock estimation is a thorny task to deal with. To circumvent the problem, we derive a function which does not contain capital stock, yet whose regression indirectly estimates the production function. Consequently, the estimated production function can generate the capital stocks and depreciation rates. The approach applied to US data resulted in estimates of both production function and capital stock very close to those differently estimated in existing literature. Japan data are then applied as a comparative study.

Publication Details

Page(s) 216-221

DOI DOI not available

Published Journal: Journal of Basic and Applied Sciences, Volume: 9, Issue: 0, Year: 2013

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