00000nam 2200000za 4500 9.850532 CaOODSP 20221107154156 cr ||||||||||| 180123s2018 oncd obs f000 0 eng d CaOODSP eng eng fre n-us--- FB3-5/2018-1E-PDF Cavallo, Michelle. Capital-goods imports and US growth [electronic resource] / by Michele Cavallo and Anthony Landry. [Ottawa] : Bank of Canada, 2018. iii, 40 p. : charts (mostly col.) Bank of Canada staff working paper, 1701-9397 ; 2018-1 "January 2018." Includes bibliographical references (p. 24-26). “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]. Includes abstract in French. gccst Industrial productivity gccst International trade gccst Imports gccst Statistical analysis Landry, Anthony Emmanuel. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2018-1 (CaOODSP)9.806221 PDF 713 KB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-1-eng.pdf