output (and labor productivity) in all sectors. By contrast, changes in the stocks of foreign capital have a mixed effect …Using panel data, this paper tests whether foreign, public, and private capital have a positive and significant effect … on aggregate output and labor productivity for Mexico during the 1960-2001 period. The richer information set made …

A framework is developed with what we call technology capital. A country is a measure of locations. Absent policy … constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of technology capital … is what constrains the number of units it operates using this unit of technology capital. If it has two units of …