This paper examines the quantitative relationship between the elasticity of capital-labor substitution and the … observation, together with other empirical evidence, indicates that the elasticity of capital-labor substitution in the U …

markets indicates that domestic agents may not be able to borrow in international capital markets to fully insure themselves …

Are countries with unregulated capital flows more vulnerable to currency crises? Efforts to answer this question … properly must control for "self selection" bias since countries with liberalized capital accounts may also have more sound … sample selection bias, countries with liberalized capital accounts experience a lower likelihood of currency crises. That is …

The 1998 Annual Capital Expenditure Survey (ACES) provides information on disaggregate investment across a wide range …

This paper investigates how concentrated ownership of capital influences the pricing of risky assets in a production …-agent economy because the capital owners' consumption is more strongly linked to volatile dividends from equity. A temporary shock … more generally, a financial friction that affects the supply of new capital. Under power utility with a risk aversion …

This paper explores the relationship between capital composition and productivity using a unique and remarkably … capital types, including computers, communications equipment, and software, are associated with current and subsequent years … exist for a number of key capital types. I also provide evidence of complementaries and substitutabilities among capital …

markets indicates that domestic agents may not be able to borrow in international capital markets to fully insure themselves …

The 1998 Annual Capital Expenditure Survey (ACES) provides information on disaggregate investment across a wide range …