Gruss, Bertrand; Nabar, Malhar; Poplawski-Ribeiro, Marcos - 2019
Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in … relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place … during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by …