Caselli, Francesco and Wilson, Daniel
National Bureau of Economic Research, Cambridge, MA., USA.
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We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document strikingly large differences in investment composition. Second, we explain these differences as being based on each equipment type's degree of complementarity with other factors whose abundance differs across countries. Third, we show that the composition of capital has the potential to account for some of the large observed differences in TFP across countries.
||© 2003 Francesco Caselli and Daniel Wilson
|Library of Congress subject classification:
||T Technology > T Technology (General)
H Social Sciences > HD Industries. Land use. Labor
|Journal of Economic Literature Classification System:
||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E22 - Capital; Investment (including Inventories); Capacity
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E23 - Production
F - International Economics > F1 - Trade
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Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
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