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Measuring 1992's Medium-Term Dynamic Effects / Richard Baldwin.
- Format:
- Book
- Author/Creator:
- Baldwin, Richard.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3166.
- NBER working paper series no. w3166
- Language:
- English
- Subjects (All):
- Capital productivity.
- Saving and investment.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1989.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1989.
- Summary:
- This paper presents an explicit model of the link between the 1992 market liberalization and the aggregate marginal productivity of EC capital. We show that the liberalization is likely to lead to a ceteris paribus rise in capital's marginal product and thereby raise the steady-state capital-labor ratio. The comparative steady-state impact of 1992 on output is roughly quantified.
- Notes:
- Print version record
- November 1989.
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