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This paper constructs a two-country stochastic growth model in which neutraland investment-specic technology shocks are …
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We look at disaggregated imports of various types of equipment to make inferences oncross-country differences in the composition of equipment investment. We make threecontributions. First, we document strikingly large differences in investment composition.Second, we explain the differences as...
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By assuming Cobb-Douglas production technology, many well-known imperfectlycompetitive macroeconomic models of the …
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