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 …

This study provides some perspective on analyzing the effects of corporate taxation on capital formation. Our framework … impact on policy. The remainder of the paper focuses on the substitution elasticity between labor and capital. Several of the …

world-wide scale partly as a consequence of the financialization of capital. The geographical diffusion of market relations … has continued and with it the dominance of capital in all realms of social reproduction. In charting this change, the book …