The authors examine the relative importance of the growth of physical and human capital and the growth of total factor …

differences in technological capital intensity (R&D capital stock as a percentage of GVA) between industries and the evolution of … until the mid‐1990s linked to the greater accumulation of technological capital in most of the productive sectors considered … technological capital intensity. Originality/value – The study discusses the issue from the standpoint of the distribution of …

growth" theory both regard investment—broadly defined to include purchases of tangible assets, human capital expenditures …. Most notably, the neoclassical framework focuses on diminishing and internal returns to aggregate capital, while new growth … models emphasize constant returns to capital that may yield external benefits. This article finds that despite their …

capital formation. The Bush Administration, for example, proposed lowering the capital gains tax rate. The Clinton … that this subpar growth is due in part to deficient capital formation.> Chirinko and Morris present a framework for … examining fiscal policies aimed at spurring capital formation and highlight the conditions for their success. First, they show …

2003), and that this leads to the exclusion of more than $3 trillion of business intangible capital stock. To assess the … importance of this omission, we add intangible capital to the standard sources-of-growth framework used by the BLS, and find that … growth. The rate of change of output per worker increases more rapidly when intangibles are counted as capital, and capital …

Purpose – The purpose of this paper is to establish a historical context for the often maligned capital theory of Henry … rapid technological and institutional change provide a framework for detailed re-examination of the capital theories of Rae … presented capital theories, defined as explanations of the supply of and demand for capital resulting in a determinate capital …

The economic migration of people has lagged substantially behind that of capital and trade. That's largely because …