The relative price of capital and economic structure
Are trends in the price of capital technological in nature? First, we find that trends in the relative price of capital vary significantly across countries. We then show that a multi-industry growth model, calibrated to match differences in economic structure around the world and productivity growth...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2425 https://ink.library.smu.edu.sg/context/soe_research/article/3424/viewcontent/REDtexfileR2_online.pdf |
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| Institution: | Singapore Management University |
| Language: | English |