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• W2060276127 abstract "Traditionally economic analysis has focused on new capital investment, while ignoring expenditures to maintain or repair existing stock. Recent, broader theories of replacement have emphasized the important role played by both maintenance and utilization rates. However, the decision to extend the service life of capital has been given scant empirical attention, owing partly to a lack of appropriate data. This study exploits survey data that report annual maintenance/repair expenditures for Canadian manufacturing industries. A standard production framework, modified to incorporate endogenous depreciation, guides the econometric analysis. The empirical results indicate that the cost of capital, among other variables, has a statistically significant effect on maintenance/repair decisions." @default.
• W2060276127 created "2016-06-24" @default.
• W2060276127 creator A5002395445 @default.
• W2060276127 creator A5026650833 @default.
• W2060276127 date "2004-11-01" @default.
• W2060276127 modified "2023-09-24" @default.
• W2060276127 title "Maintenance and repair expenditures: determinants and tradeoffs with new capital goods" @default.
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• W2060276127 doi "https://doi.org/10.1016/j.jeconbus.2004.04.003" @default.
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