NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Depreciation of Business R&D Capital

Wendy C.Y. Li, Bronwyn H. Hall

NBER Working Paper No. 22473
Issued in July 2016, Revised in January 2018

---- Acknowledgments ----

We are grateful to Ernie Berndt, Wesley Cohen, Erwin Diewert, Carol Moylan, and Brian Sliker, and 3 anonymous referees for very helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of Bureau of Economic Analysis. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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