Framing scrappage in Germany and the UK: from climate discourse to recession talk?

This paper highlights the distinctive discursive framing of transport policy in Germany and the UK. Using an analysis of the introduction of the ‘scrappage bonus’ in both countries, against the background of the financial crisis, we show how distinct nationally specific discourses and political cultures are expressed within these. The German government was an early adopter of the policy, but the UK government was relatively late in introducing its own scheme. While the German scrappage scheme was introduced officially as an environmental bonus, the UK scheme did not make any reference to environmental concerns. We argue that these differences are important in the context of a wider research aim, to identify nationally specific mobility regimes and to develop an understanding of different possible pathways towards more environmentally friendly transport futures.     

Econometric estimation of a variable rate of depreciation of the capital stock

Measuring the capital stock is crucial in some fields of economic research. Capital stock is not observable, though, and its estimation requires the knowledge of its rate of depreciation. In most cases, econometric regressions are not used for this task. However, this methodology could be used to estimate capital stock values which are consistent with the technology of the economy. If we assume that the depreciation rate is not constant, its estimation poses some additional technical difficulties. In this paper we suggest a method to estimate a variable rate of depreciation which is shown to have wide empirical applicability and some computational advantages. Also, this method is easily implementable in standard packages by means of NLS or ML. The formalization of this method, and empirical evidence and simulation exercises based on its implementation are presented.First version received: October 2002/Final version received: May 2004All correspondence to José A. Hernandez. We would like to thank to the University of Las Palmas project uni2002/14 for financial support and two anonymous referees for helpful comments.