scispace - formally typeset
Search or ask a question
Topic

Capital deepening

About: Capital deepening is a research topic. Over the lifetime, 5203 publications have been published within this topic receiving 230297 citations.


Papers
More filters
Journal ArticleDOI
TL;DR: This paper reviewed the most recent evidence on growth in the United States and presented a model for projecting future productivity growth, concluding that despite downward revisions to the gross domestic product and investment in the annual revisions of the US National Income and Product Accounts (NIPA) in July of 2001 and 2002, the US productivity revival remains intact with IT as the predominant source.

70 citations

Journal ArticleDOI
TL;DR: In this article, an improved time series of fixed capital stock for independent accounting units within Chinese state industry is derived, which adhere as closely as possible to the standard national accounting concepts of gross domestic fixed capital formation and gross reproducible fixed assets.
Abstract: Measures of society's stock of fixed assets are necessary for describing production technology, evaluating capital-output ratios and analysing multi-factor productivity. Even in advanced industrial economies, existing series of fixed capital incorporate many weaknesses and arbitrary assumptions; in low-income nations, these problems are often severe. China is no exception. While recognizing the inherent difficulty of compiling capital stock estimates for an economy in which prices have long deviated from scarcity values, this article uses currently available materials to derive an improved time series of fixed capital stock for independent accounting units within Chinese state industry. Our objective is to produce new series that adhere as closely as possible to the standard national accounting concepts of gross domestic fixed capital formation and gross reproducible fixed assets. Despite the difficulties mentioned below, we believe that our new series are distinctly superior to existing figures for the analysis of capital deepening, multi-factor productivity and other aspects of Chinese state industry requiring estimates of fixed capital stock.

70 citations

Posted ContentDOI
TL;DR: In this article, the authors reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving.
Abstract: In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.

70 citations

Journal ArticleDOI
TL;DR: In this article, an overlapping-generations endogenous growth model of human capital accumulation with borrowing constrained young individuals is presented, where an increase in public debt is used to redistribute tax burdens from every individual's youth to his middle age.
Abstract: This paper presents an overlapping-generations endogenous growth model of human capital accumulation with borrowing constrained young individuals. On a small open economy's equilibrium growth path, production, human capital, and physical capital all grow at a uniform rate that depends, apart from a vector of parameters, only on the amount of time that decentrally optimizing, borrowing constrained private households allocate to education and training. An increase in public debt that is used to redistribute tax burdens from every individual's youth to his middle age raises the equilibrium growth rate of the economy and improves the intertemporal allocation of resources.

70 citations


Network Information
Related Topics (5)
Capital (economics)
52.4K papers, 1.2M citations
82% related
Productivity
86.9K papers, 1.8M citations
82% related
Monetary policy
57.8K papers, 1.2M citations
81% related
Interest rate
47K papers, 1M citations
81% related
Consumption (economics)
52.6K papers, 1.1M citations
79% related
Performance
Metrics
No. of papers in the topic in previous years
YearPapers
202326
202242
202126
202031
201932
201848