Federal Reserve Bank of Minneapolis Research Department Openness , Technology Capital , and Development
Federal Reserve Bank of Minneapolis Research Department Openness , Technology Capital , and Development
复制标题
明尼阿波利斯联邦储备银行研究部开放,技术资本和发展
DOI：
--
复制
发表时间：
2007
期刊：
影响因子：
--
通讯作者：
E. Prescott
中科院分区：
文献类型：
--
作者：
Ellen R Mcgrattan;E. Prescott
一个框架是用我们所谓的技术资本开发的。一个国家是一个位置的衡量标准。在没有政策约束的情况下，拥有单位技术资本的企业可以在任意多个地点使用单位技术资本生产复合产出商品。但它在给定地点只能运营一项业务，因此地点的数量限制了它使用该技术资本单位运营的单位数量。如果它有两个单位的技术资本，它可以在每个地点经营两倍的业务。在本文中，进行聚合，并为国家的总生产函数的推导。我们的框架与国民账户互动良好，就像新古典增长模型一样。它还与国际账户互动良好。规模回报是恒定的，因此不存在垄断租金。然而，经济一体化也有好处。在这一框架内，一个国家的开放程度是通过其政策对外国业务生产率的影响来衡量的。我们的分析表明，这种开放性有很大的好处。明尼阿波利斯联邦储备银行和明尼苏达大学;普雷斯科特，亚利桑那州立大学和明尼阿波利斯联邦储备银行。我们感谢国家科学基金会在SES-0422539资助下为这项研究提供财政支持。我们感谢洛里斯鲁比尼，约翰娜Wallenius，特别是西蒙娜Cociuba为特殊的研究援助。这里表达的观点是作者的观点，不一定是明尼阿波利斯联邦储备银行或联邦储备系统的观点。
A framework is developed with what we call technology capital. A country is a measure of locations. Absent policy constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of technology capital at as many locations as it chooses. But it can operate only one operation at a given location, so the number of locations is what constrains the number of units it operates using this unit of technology capital. If it has two units of technology capital, it can operate twice as many operations at every location. In this paper, aggregation is carried out and the aggregate production functions for the countries are derived. Our framework interacts well with the national accounts in the same way as does the neoclassical growth model. It also interacts well with the international accounts. There are constant returns to scale, and therefore no monopoly rents. Yet there are gains to being economically integrated. In the framework, a country’s openness is measured by the effect of its policies on the productivity of foreign operations. Our analysis indicates that there are large gains to this openness. ∗McGrattan, Federal Reserve Bank of Minneapolis and University of Minnesota; Prescott, Arizona State University and Federal Reserve Bank of Minneapolis. We thank the National Science Foundation for providing financial support for this research under grant SES-0422539. We thank Loris Rubini, Johanna Wallenius and particularly Simona Cociuba for exceptional research assistance. The views expressed here are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.