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Importing Technology

Francesco Caselli () and Daniel Wilson ()

No 9928, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document strikingly large differences in investment composition. Second, we explain these differences as being based on each equipment type's degree of complementarity with other factors whose abundance differs across countries. Third, we show that the composition of capital has the potential to account for some of the large observed differences in TFP across countries.

JEL-codes: E22 E23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-ino
Date: 2003-08
Note: EFG ITI PR
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Published as Caselli, Francesco, and Daniel J. Wilson. "Importing Technology," Journal of Monetary Economics 51(1): 1-32, January 2004
Published as Francesco Caselli & Daniel Wilson, 2002. "Importing technology," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.

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