Capital-goods imports and US growth / by Michele Cavallo and Anthony Landry.: FB3-5/2018-1E-PDF
“Over the past 50 years, the U.S. has gone through an enormous expansion in international trade and investment. In this paper, we study the contribution of capital-goods imports to U.S. output growth. First, we document the contribution of capital-goods imports to growth in U.S. output per hour using a simple growth accounting exercise. Second, we build a neoclassical growth model with trade in capital goods to understand the underlying source of capital-goods import growth, and use our model economy to perform two counterfactual experiments and illustrate the importance of capital-goods imports for the U.S. economy"--Non-technical summary, p. [1].
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Capital-goods imports and US growth / by Michele Cavallo and Anthony Landry. |
| Series title | Bank of Canada staff working paper, 1701-9397 ; 2018-1 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "January 2018." Includes bibliographical references (p. 24-26). Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada, 2018. |
| Author / Contributor | Cavallo, Michelle. Landry, Anthony Emmanuel. |
| Description | iii, 40 p. : charts (mostly col.) |
| Catalogue number |
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| Subject terms | Industrial productivity International trade Imports Statistical analysis |
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