| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966930 | Journal of Monetary Economics | 2012 | 15 Pages |
Abstract
⺠Observed differences in investment prices can explain significant income differences across countries. ⺠Entry, requiring an investment in capital, provides an amplification mechanism compared with the standard model. ⺠Required TFP differences to explain the observed income gaps are reduced greatly.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Roc Armenter, Amartya Lahiri,