کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5069035 1373027 2007 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The equipment hypothesis and US economic growth
موضوعات مرتبط
علوم انسانی و اجتماعی علوم انسانی و هنر تاریخ
پیش نمایش صفحه اول مقاله
The equipment hypothesis and US economic growth
چکیده انگلیسی

In several articles published in the 1990s, de Long and Summers argued that investment in producer durables had a high propensity to generate externalities in using industries, resulting in a systematic and substantial divergence between its social and private return. They maintained, moreover, that this was not the case for structures investment. Together, these claims constitute the equipment hypothesis. This paper explores the degree to which the history of US economic growth in the 20th century supports it.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Explorations in Economic History - Volume 44, Issue 1, January 2007, Pages 43-58
نویسندگان
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