000 01893cam  2200337za 4500
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008180123s2018    oncd    obs  f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-us---
0861 |aFB3-5/2018-1E-PDF
1001 |aCavallo, Michelle.
24510|aCapital-goods imports and US growth |h[electronic resource] / |cby Michele Cavallo and Anthony Landry.
260 |a[Ottawa] : |bBank of Canada, |c2018.
300 |aiii, 40 p. : |bcharts (mostly col.)
4901 |aBank of Canada staff working paper, |x1701-9397 ; |v2018-1
500 |a"January 2018."
504 |aIncludes bibliographical references (p. 24-26).
520 |a“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].
546 |aIncludes abstract in French.
69207|2gccst|aIndustrial productivity
69207|2gccst|aInternational trade
69207|2gccst|aImports
69207|2gccst|aStatistical analysis
7001 |aLandry, Anthony Emmanuel.
7102 |aBank of Canada.
830#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2018-1|w(CaOODSP)9.806221
85640|qPDF|s713 KB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-1-eng.pdf