Title of article :
Accountingfordevelopmentthroughinvestmentprices
Author/Authors :
Roc Armenter، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2012
Pages :
15
From page :
550
To page :
564
Abstract :
Cross-countryincomegapsarelargeinthedata.Canobservedinvestmentprices accountforthesegaps?Ourmodeladdsanextensivemargintotheneoclassicalgrowth modelbyallowingforentryoffirms.Whencombinedwitha‘‘returnstovariety’’effect, our modelprovidesanamplificationmechanismfrominvestmentpricestooutput. Usingcross-countrydataonrelativeinvestmentprices,themodelcanexplainupto5to 6-foldincomedifferencesbetweentherichestandpoorestcountriesinoursample whilesimultaneouslyreducingtheimpliedcross-countryTFPdifferences
Journal title :
Journal of Monetary Economics
Serial Year :
2012
Journal title :
Journal of Monetary Economics
Record number :
846542
Link To Document :
https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846542
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