Caselli, Francesco; Wilson, Daniel J. - London School of Economics and Political Science - 2003
We look at disaggregated imports of various types of equipment to make inferences oncross-country differences in the … composition of equipment investment. We make threecontributions. First, we document strikingly large differences in investment … composition.Second, we explain the differences as being based on each equipment type’s degree ofcomplementarity with other factors …