Capital Goods Imports
Author | : Luis Serven |
Publisher | : World Bank Publications |
Total Pages | : 33 |
Release | : 1994 |
Genre | : Bienes de capital |
ISBN | : |
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Author | : Luis Serven |
Publisher | : World Bank Publications |
Total Pages | : 33 |
Release | : 1994 |
Genre | : Bienes de capital |
ISBN | : |
Author | : Jong-Wha Lee |
Publisher | : |
Total Pages | : 40 |
Release | : 1994 |
Genre | : Capital investments |
ISBN | : |
This paper presents an endogenous growth model of an open economy in which the growth rate of income is higher if foreign capital goods are used relatively more than domestic capital goods for the production of capital stock. Empirical results, using cross country data for the period 1960-85, confirm that the ratio of imported to domestically produced capital goods in the composition of investment has a significant positive effect on per capita income growth rates across countries, in particular, in developing countries. Hence, the composition of investment in addition to the volume of total capital accumulation is highlighted as an important determinant of economic growth.
Author | : Michèle Cavallo |
Publisher | : |
Total Pages | : 40 |
Release | : 2018 |
Genre | : Economic development |
ISBN | : |
Author | : B. P. Bhargava |
Publisher | : |
Total Pages | : 538 |
Release | : 1990 |
Genre | : Foreign trade regulation |
ISBN | : |
Author | : Constantine Michalopoulos |
Publisher | : |
Total Pages | : 40 |
Release | : 1971 |
Genre | : Argentina |
ISBN | : |
Author | : Jesko Hentschel |
Publisher | : |
Total Pages | : 46 |
Release | : 1990 |
Genre | : Developing countries |
ISBN | : |
Author | : Jie Li |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : |
This paper examines the impact of capital imports on firms' export quality upgrading with a subsidy policy for advanced capital imports implemented in China since 2008. Using a matched dataset of firms' production and custom databases, we employ a DiD strategy that exploits firms' differential pre-event exposures to the policy. We find that the subsidy increases firms' imports of subsidized products, and improves their export quality. Furthermore, export quality improvements due to capital imports are larger if (1) firms are more productive; (2) the exporting product is the firms' core product; (3) the product is a differentiated good; and (4) the destination market is larger and richer. Capital imports also boost firms' total exports and numbers of exporting destinations and products. Mechanism tests suggest that capital-skill complementarity can explain improved export product quality. Capital goods imports also lead to increased skill management that can improve export quality.
Author | : Neville F. Miller |
Publisher | : |
Total Pages | : 162 |
Release | : 1991 |
Genre | : Australia |
ISBN | : 9780646063874 |
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2018 |
Genre | : |
ISBN | : |
"Over the past 50 years, the U.S. has gone through an enormous expansion in international trade and investment. In this paper, we study the contribution of capital-goods imports to U.S. output growth. First, we document the contribution of capital-goods imports to growth in U.S. output per hour using a simple growth accounting exercise. Second, we build a neoclassical growth model with trade in capital goods to understand the underlying source of capital-goods import growth, and use our model economy to perform two counterfactual experiments and illustrate the importance of capital-goods imports for the U.S. economy'--Non-technical summary, p. [1].
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2005 |
Genre | : |
ISBN | : |