Article ID Journal Published Year Pages File Type
965778 Journal of Macroeconomics 2011 13 Pages PDF
Abstract
► We imbed organizational capital (OC) in a two-country real business cycle model. ► OC makes firms reluctant to disinvest and send capital abroad. ► Productivity shocks produce positive international co-movement in investment. ► These new considerations help bring the model closer to the data.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Organizational capital and the international co-movement of investment
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