English, Article, Journal or magazine article edition: Investment Rate vs Relative price of Investment Fernando, DEL RIO

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Investment Rate vs Relative price of Investment
Author
  • Fernando, DEL RIO
Physical Description
  • preprint
Notes
  • In this paper I accomplish a levels account exercise across countries in order to calculate contributions from differences in the relative price of investment and the investment rate to differences in the physical capital-output ratio -and consequently in output per worker- across countries. I find that differences in the relative price of investment account for most differences in the physical capital-output ratio across countries and, consequently, if capital share on income is broadly consistent with national income accounts data, they have a moderate importance in accounting for differences in output per worker. However, differences in the investment rate account for very little disparity in physical capital-output ratio and output per worker across countries
  • Physical capital-output ratio; Output per worker; Investment rate; Relative price of investment
  • RePEc:ctl:louvir:2004010
Language
  • English
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