With capital‐skill complementarity, the secular decline in the price of capital equipment due to equipment … of whether the Ramsey (1927) or the Mirrlees (1971) approach is adopted. First, a tax on capital equipment corrects the … optimal taxation resembles the empirical decline in capital taxes and the increase in labor taxes observed in the United …

direct correlation with the capital accumulation process that increases the productivity capacity for the national economy …

accumulating public capital and its associated public investment path in a perfect foresight general equilibrium model. The model … has several specific features different from the existing frameworks: The policy rule for public capital is introduced … be capital-intensive with its FDI shock. Based on calibration for African countries, the study finds that the front …

private investment growth is so weak that capital per worker (capital intensity) has virtually remained constant. An increase …

in investment results in a smaller capital stock, potential output or production capacity decreases. The author …