Abstract

  
 

Citations (7)



 


 



Solow vs. Solow: Machine Prices and Development


Boyan Jovanovic


New York University - Department of Economics

Rafael Rob


University of Pennsylvania - Department of Economics
January 1997

NBER Working Paper No. w5871

Abstract:     
Machines are more expensive in poor countries, and the relation is pronounced. It is hard for a Solow (1956) type of model to explain the relation between machine prices and GDP given that in most countries equipment investment is under 10% of GDP. A stronger relation emerges in a Solow (1959) type of vintage model in which technology is embodied in machines.

Number of Pages in PDF File: 30

working papers series


Download This Paper

Date posted: July 10, 2000  

Suggested Citation

Jovanovic, Boyan and Rob, Rafael, Solow vs. Solow: Machine Prices and Development (January 1997). NBER Working Paper No. w5871. Available at SSRN: http://ssrn.com/abstract=225655

Contact Information

Boyan Jovanovic (Contact Author)
New York University - Department of Economics ( email )
19 w 4 st.
New York, NY 10012
United States
Rafael Rob
University of Pennsylvania - Department of Economics ( email )
3718 Locust Walk
Philadelphia, PA 19104
United States
215-898-6775 (Phone)
215-573-2057 (Fax)
Feedback to SSRN (Beta)


Paper statistics
Abstract Views: 608
Downloads: 21
Citations:  7

© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright
This page was processed by apollo5 in 0.453 seconds