Michele Cavallo


Capital-Goods Imports and US Growth

Staff Working Paper 2018-1 Michele Cavallo, Anthony Landry
Capital-goods imports have become an increasing source of growth for the U.S. economy. To understand this phenomenon, we build a neoclassical growth model with international trade in capital goods in which agents face exogenous paths of total factor and investment-specific productivity measures.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Productivity, Trade Integration JEL Code(s): E, E2, F, F2, F4, O, O3, O4

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