Download or read book Capital goods Imports and US Growth written by Michèle Cavallo and published by . This book was released on 2018 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Goods Imports and US Growth written by and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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].
Download or read book Capital Goods Imports and Long run Growth written by Jong-Wha Lee and published by . This book was released on 1994 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Price of Capital Goods A Driver of Investment Under Threat written by Weicheng Lian and published by International Monetary Fund. This book was released on 2019-06-28 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the 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 the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going forward.
Download or read book Foreign Economic Trends and Their Implications for the United States written by and published by . This book was released on 1980 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Are Capital Goods Tariffs Different written by Sergii Meleshchuk and published by International Monetary Fund. This book was released on 2020-05-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure to a quasi-natural experiment induced by a trade reform in Colombia, we find that firms that have been more exposed to a reduction in intermediate and consumption input or output tariffs do not significantly increase their investment rates. However, firms’ investment rate increase strongly in response to a reduction in capital goods input tariffs. Firms do not substitute capital with labor, but instead also increase employment, especially for production workers. Reduction in other tariff rates do not increase investment and employment. Our results suggest that a reduction in the relative price of capital goods can significantly boost investment and employment and does not seem to lead to a decline in the labor share.
Download or read book Mexico Your Partner for Growth The capital goods industry written by and published by . This book was released on 1991 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade and Structural Interdependence Between the U S and the NICs written by William H. Branson and published by . This book was released on 1984 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing. They have invested in manufacturing capacity, importing capital equipment. This increase in international demand for equipment has resulted in an increase of U.S. capital good exports to over 50 percent of all U.S. manufactures. In turn, exports of consumer manufactures by the NICs to the OECD countries have expanded rapidly. As the NICs grew during the 1970's, they imported capital goods from the U.S., and exported consumer manufactures to the U.S. This pattern of trade has strengthened the interdependence between the U.S. economy and the NICs.The geographical pattern of U.S. trade with the NICs shows some interesting asymmetries. U.S. exports are relatively focused on Latin America, mainly Mexico, and imports on the Far Eastern NICs. A tradetriangle has developed, with the U.S. exporting manufactures, mainly capital goods, to the Latin American NICs; who in turn sell raw materialson the world market. The Far Eastern NICs buy raw materials and sell manufactures, mainly consumer goods, to the U.S. Thus growth in the U.S. economy has become more interdependent with both the Latin American and Far Eastern NICs
Download or read book Growth with Imported Capital Goods Limited Export Demand and Foreign Debt written by T.H.W. Ziesemer and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth with Imported Capital Goods Limited Export Demand and Foreign Debt written by T.H.W. Ziesemer and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Goods Industry in Developing Countries written by and published by . This book was released on 1985 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Global Trade Slowdown and Its Implications for Emerging Asia written by Board of Governors of the Federal Reserv and published by Createspace Independent Publishing Platform. This book was released on 2016-11-18 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is at a critical juncture today. According to the International Monetary Fund's latest World Economic Outlook, global gross domestic product (GDP) is set to grow at only 3.1 percent this year, the lowest rate of growth since the Global Financial Crisis. Investment and productivity remain subdued, despite extremely low and even negative interest rates in many economies. One key aspect of global weakness that is of particular relevance to emerging Asian economies is the sharp slowdown in global trade. This slowdown represents a notable departure from the "normal" times of the past few decades, and is the subject of my remarks today.
Download or read book The Export Sector Stages of Economic Development and the Saving investment Process in Latin America written by Markos Mamalakis and published by . This book was released on 1971 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Capital Goods Industry in Latin America written by and published by . This book was released on 1984 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in the Theory of Economic Growth written by Evsey D. Domar and published by Greenwood Publishing Group. This book was released on 1982 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of nine papers, each representing an application of the rate of economic growth as an analytical device to a specific economic problem, provides models toward the general development of a theory of growth.
Download or read book Export Instability and Economic Development written by Alasdair I. MacBean and published by London : Allen & Unwin. This book was released on 1966 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of trade patterns, with particular reference to the effects of export fluctuations on the economy of developing countries - includes five case studies (Uganda, Tanzania, Puerto Rico, Chile and Pakistan), covering fiscal policy, monetary policy, trade agreements and the role of developed countries in assuring export stability. References.
Download or read book U S Trade and Investment Policy written by Andrew H. Card and published by Council on Foreign Relations. This book was released on 2011 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war