Relative prices and relative prosperity
Relative prices and relative prosperity
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DOI：
10.1257/aer.97.3.562
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发表时间：
2007-06-01
影响因子：
10.7
通讯作者：
Klenow, Peter J.
中科院分区：
文献类型：
--
作者：
Hsieh, Chang-Tai;Klenow, Peter J.
各国实际投资率和实际收入水平之间的正相关关系，很大程度上是由投资价格相对于产出的差异推动的。贫穷国家的投资相对价格较高是因为这些国家的消费品价格较低。投资价格。在贫穷国家并不比这更高。因此，贫穷国家的低实际投资率并不是由投资的高税率或关税推动的。相反，贫穷国家在生产投资品和为投资品进行贸易的消费品方面似乎受到低效率的困扰。
The positive correlation between real investment rates and real income levels across countries is driven largely by differences in the price of investment relative to output. The high relative price of investment in poor countries is due to the low price of consumption goods in those countries. Investment prices. are no higher in poor countries. Thus, the low real investment rates in poor countries are not driven by high tax or tariff rates on investment. Poor countries, instead, appear to be plagued by low efficiency in producing investment goods and in producing consumer goods to trade for them.