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| Author: | Eaton, J. Kortum, S. |
| Title: | Trade in capital goods |
| Journal: | European Economic Review
2001 : JUN, VOL. 45:7, p. 1195-1235 |
| Index terms: | CAPITAL GOODS EQUIPMENT INTERNATIONAL BUSINESS PRICES PRODUCTIVITY |
| Language: | eng |
| Abstract: | Innovative activity is highly concentrated in a handful of advanced countries. These same countries are also the major exporters of capital goods to the rest of the world. The authors develop a model of trade in capital goods to assess its role spreading the benefits of technological advances. Applying the model to data on production and bilateral trade in capital equipment, the authors estimate the barriers to trade in equipment. |
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