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Equipment Investment and Economic Growth
Open accessAbstract
2Jorgenson's [1988] work highlights that equipment investment will have a larger short-run effect on growth in gross product than other torms of invesmient because of equipment's higher depreciation rate even if private and social returns to different forms of investment are equalized.In the long run, however.equipment's higher depreciation rate leads it to have a smaller effect on growth.We discuss these issues in the conclusion.
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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
Technical Change and the Aggregate Production Function
Solow, R. M. (1957) · The Review of Economics and Statistics · doi:10.2307/1926047 · Cited by 12,259
Cited by
Does Social Capital Have an Economic Payoff? A Cross-Country Investigation
Knack, S., & Keefer, P. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355300555475 · Cited by 7,484
Economic Reform and the Process of Global Integration
Sachs, J. D., Warner, A., Aslund, A., & Fischer, S. (1995) · Brookings Papers on Economic Activity · doi:10.2307/2534573 · Cited by 4,950
Temple, J. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.1.112 · Cited by 2,095
Telecommunications Infrastructure and Economic Development: A Simultaneous Approach
Röller, L.-H., & Waverman, L. (2001) · American Economic Review · doi:10.1257/aer.91.4.909 · Cited by 1,815
Rents, Competition, and Corruption
Ades, A., & Di Tella, R. (1999) · American Economic Review · doi:10.1257/aer.89.4.982 · Cited by 1,763
Metadata
- Authors
- Long, J. B. D., & Summers, L. H.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1991-05
- Volume
- 106
- Issue
- 2
- Pages
- 445
- ISSN
- 0033-5533 (ISSN-L)
- OpenAlex
- W2152422958
- Cited by
- 1,709
- References
- 2
- FWCI
- 73.25
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.