goods in the composition of investment has a significant positive effect on per capita income growth rates across countries …, in particular, in developing countries. Hence, the composition of investment in addition to the volume of total capital …

exporters of capital goods to the rest of the world. We develop a model of trade in capital goods to assess its role spreading … countries. We attribute about 25 percent of cross-country productivity differences to variation in the relative price of …

This paper estimates the micro-level costs of adjusting capital using detailed data onquot; investment decisions in the …; profitability. The results show clear evidence of non-convex adjustment costs inaction for capital investment and quadratic … adjustment costs conditional on positive or negativequot; investment. The adjustment costs for utilization show similar non …

replicates the stylized facts following a drop in world interest rates; in particular, rebalancing towards bonds occurs because …

since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …

productivity and the other decreasing transportation costs, and in which agglomeration economies lead to persistence in urban … locations. In countries that developed early, structural transformation due to rising agricultural productivity began at a time …

the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects … channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in …

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … in a general equilibrium model of establishment productivity where the distribution of productivity is characterized in … productivity improvement thereby altering the productivity distribution and equilibrium prices (dynamic effect), further lowering …

. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment … 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …