KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … property (IP) capital, and traditional capital. I assume that the aggregate output is produced using labor and these three … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP …

Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the … substantially affected by adjustment costs in the accumulation of capital. With the proper technology and a plausible … parameterization of adjustment costs, the MPK in poor countries is much higher than the MPK in rich countries. Why capital flows do not …

An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical … this framework aging increases the relative scarcity of labor with respect to capital. Therefore, there will be more labor …- and less capital-saving technical change. Unless there are contemporaneous knowledge spillovers across innovating firms …

This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a … repeated interactions model of tax competition when there are three heterogenous countries with respect to their capital … harmonization is sustainable or not crucially depends on the capital endowment of the median country relative to those of the large …

capital damage and labour displacement, rather than productivity losses, are the primary channels through which flooding …

Imported capital goods, which embody skill-complementary technologies, can increase the supply of skills in developing … countries. Focusing on China and using a shift-share design, we show that city-level capital goods import growth increases the … model with these two mechanisms to examine the aggregate effects of capital goods imports, accounting for trade and …