HOW STRONGLY DO DEVELOPING-ECONOMIES BENEFIT FROM EQUIPMENT INVESTMENT

被引：99

作者：

DELONG, JB

SUMMERS, LH

机构：

[1] US DEPT TREASURY,WASHINGTON,DC 20220

[2] UNIV CALIF BERKELEY,BERKELEY,CA 94720

来源：

JOURNAL OF MONETARY ECONOMICS | 1993年 / 32卷 / 03期

关键词：

GROWTH; AGGREGATE PRODUCTIVITY; DEVELOPMENT; INVESTMENT;

D O I：

10.1016/0304-3932(93)90024-A

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We extend and improve the database used in De Long and Summers (1991) and, focusing on developing economies, find that there is a very strong growth-equipment investment association even when rich industrialized economies are not considered. Rapid growth is found where equipment investment is low. If there is a region where the post-WWII growth-equipment nexus is weak, it is the well-integrated and very rich region of western Europe - not the developing world.

引用

页码：395 / 415

页数：21

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