The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Relative Prices and Relative Prosperity
Abstract
The positive correlation between real investment rates and real income levels across countries is driven largely by differences in the price of investment relative to output. The high relative price of investment in poor countries is due to the low price of consumption goods in those countries. Investment prices are no higher in poor countries. Thus, the low real investment rates in poor countries are not driven by high tax or tariff rates on investment. Poor countries, instead, appear to be plagued by low efficiency in producing investment goods and in producing consumer goods to trade for them. (JEL E22, E23, O16, O47)
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Cites
A contribution to the theory of economic growth
Solow, R. M. (1956) · The Quarterly Journal of Economics · doi:10.2307/1884513 · Cited by 24,483
The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988
Summers, R., & Heston, A. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937941 · Cited by 3,429
Gollin, D. (2002) · Journal of Political Economy · doi:10.1086/338747 · Cited by 1,977
I Just Ran Four Million Regressions
Sala-i-Martin, X. (1997) · doi:10.3386/w6252 · Cited by 960
Cited by
“The Global Decline of the Labor Share”
Karabarbounis, L., & Neiman, B. (2014) · The Quarterly Journal of Economics · doi:10.1093/qje/qjt032 · Cited by 2,152
Selection, Agriculture, and Cross-Country Productivity Differences
Lagakos, D., & Waugh, M. E. (2013) · American Economic Review · doi:10.1257/aer.103.2.948 · Cited by 438
“Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence”
Dao, M., Das, M., Koczan, Z., & Lian, W. (2017) · IMF Working Papers · doi:10.5089/9781484311042.001 · Cited by 144
Metadata
- Authors
- Hsieh, C.-T., & Klenow, P. J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2007-05-01
- Volume
- 97
- Issue
- 3
- Pages
- 562-585
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3124282490
- Cited by
- 326
- References
- 4
- FWCI
- 58.68
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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