This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 … middle- and high-income countries over the last 35 years. We identify 155 episodes of large capital inflows and find that … capital inflows capital and labor shift out of the manufacturing sector, especially if the inflows begin during a period of …

with an eye to rehabilitating convex costs of adjusting the capital stock. In recent firm-level work, the response of …, implying annual capital-stock adjustment speeds on the order of 15 to 35 percent. In aggregate data, I find that this … "fundamentalist" model can account for the reduced-form effect of output on investment and the estimated capital-stock adjustment …

economic variables in neoclassical vintage capital models. An interior and a non-interior point method are discussed. Both of … written as convex programming problems. Vintage capital models add scale and complexity to standard growth models because one … must now handle the dynamics of multiple capital stocks. This increase in complexity will often prevent the discovery (or …

Japanese government planners use the average age of the manufacturing capital stock as one measure of their country …'s international "competitiveness." Compared to the U.S., the data show that Japanese depreciation rates are higher and that capital … performance. A high depreciation rate lowers the net capital stock, and decreases the level of output. ; In this paper, we argue …

This paper provides direct measures of the international mobility of long-term financial capital using interest … evidence, discussed below, indicates that long-term financial capital is as mobile across these markets as is short …-term capital. This appears to be the case both within the Euromarkets and across political jurisdictions. …