growth" theory both regard investment—broadly defined to include purchases of tangible assets, human capital expenditures …. Most notably, the neoclassical framework focuses on diminishing and internal returns to aggregate capital, while new growth … models emphasize constant returns to capital that may yield external benefits. This article finds that despite their …

capital formation. The Bush Administration, for example, proposed lowering the capital gains tax rate. The Clinton … that this subpar growth is due in part to deficient capital formation.> Chirinko and Morris present a framework for … examining fiscal policies aimed at spurring capital formation and highlight the conditions for their success. First, they show …

2003), and that this leads to the exclusion of more than $3 trillion of business intangible capital stock. To assess the … importance of this omission, we add intangible capital to the standard sources-of-growth framework used by the BLS, and find that … growth. The rate of change of output per worker increases more rapidly when intangibles are counted as capital, and capital …

Purpose – The purpose of this paper is to establish a historical context for the often maligned capital theory of Henry … rapid technological and institutional change provide a framework for detailed re-examination of the capital theories of Rae … presented capital theories, defined as explanations of the supply of and demand for capital resulting in a determinate capital …

Almost 80 percent of capital goods production in the world is concentrated in 10 countries. Poor countries import most … of their capital goods. We argue that international trade in capital goods has quantitatively important effects on … economic development through two channels: (i) capital formation and (ii) aggregate TFP. We embed a multi country, multi sector …

We study the effects of capital mobility in a two-country economy with endogenous growth. In contrast with standard … endogenous grwoth settings, this model can account for intentional private capital flows from rich to poor countries, and the …