Bondarenko, Elena; Nishioka, Shuichiro - Department of Economics, College of Business and Economics - 2011
This paper examines the determinants of convergence in the marginal product of capital. We develop an empirical model … trade. Using data from 52 countries during the period from 1970 to 2005, we show that the marginal product of capital … find no evidence that debt financial flows reduce the global difference in the marginal product of capital. International …