The Marginal Product of Capital
By Francesco Caselli, James D. Feyrer. 2005
825 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/0dd84fe53acd1dd598023afae4c07164bbeac592
How researchers see this paper
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In Economics and Econometrics
- Charles I. Jones
- G. Zucman
- Thomas Piketty
- Benjamin Moll
- Olivier Jeanne
- Eswar S. Prasad
- P. Gourinchas
- Arvind Subramanian
Citations in the corpus
- Capital Flows to Developing Countries: The Allocation Puzzle (2013, methodology): “18 As a final comment, it is interesting to note that the capital wedge plays a similar role as adjusting for non-reproducible capital and relative price effects discussed in Caselli and Feyrer (2007).”
- The Facts of Economic Growth (2015, background): “Caselli and Feyrer (2007) document a closely-related fact in great detail: the marginal product of capital (which here is proportional to the inverse of the capital-output ratio) is very similar in rich and poor countries.29 Second, the contribution from educational attainment is larger, but still…”
- Public Debt and Growth (2010, neutral): “Similarly, Caselli and Feyrer (2007) report MPK=0.114 in developed countries.”
- Growth in the Shadow of Expropriation (2011, background): “See Caselli and Feyrer (2007) on evidence that returns to capital are quantitatively similar across countries.”
- The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors? (2013, background): “Lower endowments of human capital and the high relative price of capital can explain why the net flow of new investments from rich to poor countries is small today (Caselli and Feyrer, 2007).”
- The Evolution of Comparative Advantage: Measurement and Welfare Implications (2011, neutral): “Indeed, Caselli and Feyrer (2007) document that the marginal product of capital is remarkably similar across a wide range countries.”