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Investment and Capital Productivity in Europe and the US

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  • Lee, J.

Abstract

During the past two decades, an intriguing contrast arose in unemplyments of the US and European countries. Unemployment raets have hovered around two totally different levels across the Atlantic (Bean 1994). From the viewpoint of applied reserach and policy, such differences among countries are both intellectually challenging and practically important. They challenge us to revisit theoretical premises that we otherwise take for granted.

Suggested Citation

  • Lee, J., 1998. "Investment and Capital Productivity in Europe and the US," Papers 97-98-24, California Irvine - School of Social Sciences.
  • Handle: RePEc:fth:calirv:97-98-24
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    INVESTMENTS ; CAPITAL ; PRODUCTIVITY ; UNITED STATES ; EUROPE;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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