that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity …

of substitution between capital and labor is greater than one. However, the vast majority of micro-level estimates shows … that capital and labor are complements (elasticity less than one). Using firm- and establishment-level data from Korea, we … divide capital into equipment and software, as they may interact with labor in different ways. Our estimation shows that …

current output and containing capital inflows to lower the likelihood of a future recession, but leaning against the wind is … not necessarily optimal. Finally, contrary to emerging policy concerns, capital controls can enhance global stability …

We show that firms' nominal required returns to capital (i.e., their discount rates) are sticky with respect to …

effects between five and eight years. R&D spending and capital investment display hump-shaped responses while hours worked and …