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Importing technology

  • Francesco Caselli
  • Daniel Wilson

We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being based on each equipment type's intrinsic efficiency, as well as on its degree of complementarity with other factors whose abundance differ across countries. Third, we examine the implications of investment composition for development accounting, i.e., for explaining the cross-country variation in income per capita.

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Paper provided by Federal Reserve Bank of San Francisco in its series Working Paper Series with number 2003-04.

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Date of creation: 2003
Date of revision:
Publication status: Published in Journal of Monetary Economics 51 (January 2004), pp. 1-32.
Handle: RePEc:fip:fedfwp:2003-04
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  22. Hendricks, Lutz A., 2002. "How Important is Human Capital for Development? Evidence from Immigrant Earnings," Staff General Research Papers 11409, Iowa State University, Department of Economics.
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  26. Surendra Gera & Wulong Wu & Frank C. Lee, 1999. "Information technology and productivity growth: an empirical analysis for Canada and the United States," Canadian Journal of Economics, Canadian Economics Association, vol. 32(2), pages 384-407, April.
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