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Imported Equipment, Human Capital and Economic Growth in Developing Countries

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Author Info
Uwe Dulleck ()
Neil Foster ()

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Abstract

De Long and Summers (1991) began a literature examining the impact of equipment investment on growth. In this paper we examine such a relationship for developing countries by considering imports of equipment from advanced countries as our measure of equipment investment for a sample of 55 developing countries. We examine whether the level of human capital in a country affects its ability to benefit from such investment. We find a complex interrelationship between imported equipment and human capital. Generally, the relationship between imported equipment and growth is lowest, and often negative, for countries with low levels of human capital, highest for countries within an intermediate range and somewhat in between for countries with the highest level of human capital.

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Paper provided by National Centre for Econometric Research in its series NCER Working Paper Series with number 16.

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Length: 47 pages
Date of creation: 25 May 2007
Date of revision:
Handle: RePEc:qut:auncer:2007-91

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Related research
Keywords: Capital Goods Imports Human Capital Developing Countries Technology Diffusion

Find related papers by JEL classification:
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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  3. De Long, J. Bradford & Summers, Lawrence H., 1993. "How strongly do developing economies benefit from equipment investment?," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 395-415, December. [Downloadable!] (restricted)
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  14. Auerbach, Alan J & Hassett, Kevin A & Oliner, Stephen D, 1994. "Reassessing the Social Returns to Equipment Investment," The Quarterly Journal of Economics, MIT Press, vol. 109(3), pages 789-802, August. [Downloadable!] (restricted)
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  15. De Long, J Bradford & Summers, Lawrence H, 1994. "Equipment Investment and Economic Growth: Reply," The Quarterly Journal of Economics, MIT Press, vol. 109(3), pages 803-07, August. [Downloadable!] (restricted)
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