(1) Capital theory with emphasis on economic depreciation and asset revaluation
I am currently working with Professor Charles R. Hulten, University
of Maryland and the American Enterprise Institute. Our research deals with
theories and estimation of asset values including estimates of economic
depreciation, asset revaluation, the rate of embodied technological change,
and the proportion of new technology attributable to manna from heaven.
(2) Economic growth in transition economies
I am currently working on a book-length manuscript with Professor
Patricia Dillon, Scripps College, on the first ten years of experience
in 8 countries after the collapse of the Soviet Union. The book contains
6 theory chapters and 6 country chapters, 2 appendix chapters and a technical
appendix as follows.