Download This PaperMany Capital-Output Ratios Increasing with the Interest Rate: An Industry-Level Analysis
12 Pages Posted: 19 Jan 2009
Abstract
Whether there be few or many alternative techniques and whether there be fixed capital or only circulating capital involved, the industry-level capital-output ratios can increase with the rate of interest.
Suggested Citation: Suggested Citation
Steedman, Ian, Many Capital-Output Ratios Increasing with the Interest Rate: An Industry-Level Analysis. Metroeconomica, Vol. 60, Issue 1, pp. 150-161, February 2009, Available at SSRN: https://ssrn.com/abstract=1330218 or http://dx.doi.org/10.1111/j.1467-999X.2008.00345.x
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