O knowledge is a critical source of competitive advantage for professional service firms. Learning from experience and sustaining past knowledge are critical to the success of such knowledge-driven firms. We use learning curve theory to evaluate learning and depreciation in professional services. Our results, based on seven years of project data collected from an architectural engineering (A/E)...

We address three questions: (i) Can classical models be reconciled with the fact that many crises are marked by high rates of depreciation and small increases in seignorage revenue? (ii) What are the implications of different financing methods for post-crisis rates of inflation and depreciation? (iii) How do governments pay for the fiscal costs associated with currency crises? To study these qu...

In this paper we extend the Lucas (1988) endogenous growth model to include sector-specific external effects and depreciation in both sectors. We derive analytically, the restrictions on the parameter space that are necessary and sufficient for the existence of balanced growth paths and equilibria. We demonstrate that in contrast to the original model, with the addition of an external effect an...

This paper presents estimates of the impact of exchange rate movements on the industry-level price of investment goods using a panel of OECD countries. An exchange rate depreciation (appreciation) causes a significant rise (fall) in the prices of the investment goods used by most industries, but the magnitude of this effect differs greatly across sectors. A currency depreciation causes a strong...

One of the striking characteristics of the recent currency crises in East Asia is the sharp reductions in output that followed depreciations. This paper draws on an earlier literature on contractionary depreciations to motivate an empirical model of the relationship between exchange rate and output fluctuations in a panel of six East Asian economies. There is evidence of a negative relationship...

Previous studies have estimated the "human capital depreciation" of women re-entering the work force after voluntary, lengthy interruptions. Those studies have found reduced real wages and furthermore the decrease is positively related to the length of the interruption. Upon re-entry, however, real wages grow rapidly as human capital is restored. This paper develops a model of the wage historie...

In the July 1997 issue of the Survey of Current Business the Bureau of Economic Analysis presented new methods for the measurement of capital in the U.S. National Income and Product Accounts. This is one of the most important advances in national accounting since the creation of the United Nations (1968) System of National Accounts and presents the critical challenge to members of the Canberra ...

This article is a research on the economic and financial role of depreciation. Depreciation seen as recognition decrease in value an asset resulting from use, time, change technique or anything else. The depreciation represents difference between its gross net book value. difficulties measuring this lead to spread over probable lifetime goods normally depreciable according plan. If current sign...