Term:
Age-efficiency profile
Definition:
The age-efficiency profile of an asset describes the change (usually the decline) in the efficiency of an asset as it ages. Efficiency in this context refers to the asset's ability to produce a quantity of capital services for a given amount of inputs
Domain:
Economics & National Accounts
Source:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001
