Investment and Capital Productivity in Europe and the US

Jaewoo Lee

Working Papers from California Irvine - School of Social Sciences

Abstract: During the past two decades, an intriguing contrast arose in unemplyments of the US and European countries. Unemployment raets have hovered around two totally different levels across the Atlantic (Bean 1994). From the viewpoint of applied reserach and policy, such differences among countries are both intellectually challenging and practically important. They challenge us to revisit theoretical premises that we otherwise take for granted.

Keywords: INVESTMENTS; CAPITAL; PRODUCTIVITY; UNITED STATES; EUROPE (search for similar items in EconPapers)
JEL-codes: E22 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:97-98-24

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