The Marginal Product of Capital

Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. Using easily accessible macroeconomic data we find that MPKs are remarkably similar across countries. Hen...

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Veröffentlicht in:	The Quarterly journal of economics 2007-05, Vol.122 (2), p.535-568
Hauptverfasser:	Caselli, Francesco, Feyrer, James
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank capital Capital income Capital investments Capital movement Capital stocks Comparative analysis Developing countries Gross domestic product Income shares Instructional materials LDCs Macroeconomics Marginal analysis Marginal products Share capital Stock shares Studies
Online-Zugang:	Volltext
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