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Bank of Canada RSS Feedsen2024-03-29T09:48:32+00:00A Model of Costly Capital Reallocation and Aggregate Productivity
https://www.bankofcanada.ca/2008/10/working-paper-2008-38/
The author studies the effects of capital reallocation (the flow of productive capital across firms and establishments mainly through changes in ownership) on aggregate labour productivity. Capital reallocation is an important activity in the United States: on average, its total value is 3–4 per cent of U.S. GDP.2008-10-05T16:29:31+00:00enA Model of Costly Capital Reallocation and Aggregate Productivity2008-10-05Economic modelsProductivityWorking Paper 2008-38https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-38.pdfA Model of Costly Capital Reallocation and Aggregate ProductivityShutao CaoOctober 2008EE2E22LL1L16