Cavallo, Michele; Landry, Anthony - 2018
Capital-goods imports have become an increasing source of growth for the U.S. economy. To understand this phenomenon … price of capital-goods imports, the price of domesticequipment investment, and the price of IP products relative to the …-goods imports have contributed 14 percent to growth in U.S. output per hour since 1975, (ii) capital-goods imports played a small …