摘要：The depreciation rate for capital assets may have endogenous and exogenouscomponents. Change in the exogenous component depends on technological changeand/or environmental factors, shifts the production function, and independently affectsprofitability and investment. Change in the endogenous component does not. Thesehypotheses are tested using data on Uruguayan grass-legume pastures.Copyright 1998 by Javier Ekboir, Lovell Jarvis and Carlos Rey. All rights reserved.Readers may make verbatim copies of this document for non-commercial purposes byany means, provided that this copyright notice appears on all such copies.
