Decomposing the international variation in capital per worker

In a broad panel over the period 1970–2000 we find that approximately 40% of the international variation in capital per worker is accounted for by the cross-country variance in the relative price of capital.

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Year of publication:	2011
Authors:	Mello, Marcelo
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 2, p. 189-191
Publisher:	Elsevier
Subject:	Capital per worker \| Relative price of capital \| Variance decomposition

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Type of publication:	Article
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; O11 - Macroeconomic Analyses of Economic Development ; O16 - Financial Markets; Saving and Capital Investment ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

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