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EU KLEMS Project

EU KLEMS Working Paper Series

No. 17

Goerzig, Bernd (2007), Depreciation in EU Member States: Empirical and Methodological Differences, (April 2007)


Depreciation levels in the EU 15 countries vary considerably. However, there seems to be no unique economic factor to explain this. Methodological differences exist, but the causality is not clear-cut. To improve the possibilities of explanation, it would be helpful to apply more standardised methods. The most important strategy for standardisation in the EU KLEMS project is the harmonisation of the asset and industry breakdown. A harmonised asset and industry breakdown will improve the possibilities to separate structural from methodological influences. An open question will remain for the harmonisation of service life assumptions. While it must be conceded that presently differences in service life assumptions across countries might have historical origins, it should also be kept in mind that the service life of an asset is determined by economic factors. These might be different across countries. Depending on the type of asset, service lives might differ.

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This project is funded by the European Commission, Research Directorate General as part of the 6th Framework Programme, Priority 8, "Policy Support and Anticipating Scientific and Technological Needs".

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Last changed on: 29 March 2007