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dc.contributor.authorAntony, Jürgenen_US
dc.date.accessioned2008-01-23en_US
dc.date.accessioned2010-05-14T08:40:46Z-
dc.date.available2010-05-14T08:40:46Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/30814-
dc.description.abstractEmpirical studies show that the elasticity of substitution between capital and labor is larger than one in developed countries but smaller in developing countries. This paper develops a production function which allows for this structure in the elasticity of substitution. The case of a falling real interest rate and capital deepening in the developed countries in the presence of FDI flows from the developed to the developing country is analyzed. It is shown that this structure in the elasticity of substitution can be responsible for a U-shaped relationship between the capital intensity of the developed country and the relative capital intensity of the developing country. This carries over to an inverted U-shaped relationship between the capital intensity of the developed country and FDI profitability.en_US
dc.language.isoengen_US
dc.publisherUniv., Inst. für Volkswirtschaftslehre Augsburgen_US
dc.relation.ispartofseriesVolkswirtschaftliche Diskussionsreihe // Institut für Volkswirtschaftslehre der Universität Augsburg 295en_US
dc.subject.jelE23en_US
dc.subject.jelF21en_US
dc.subject.jelO11en_US
dc.subject.ddc330en_US
dc.subject.keywordCapital/Labor Substitution : FDIen_US
dc.subject.keywordCapital Deepeningen_US
dc.subject.stwFaktorsubstitutionen_US
dc.subject.stwKapitalintensitäten_US
dc.subject.stwSubstitutionselastizitäten_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwTheorieen_US
dc.subject.stwIndustriestaatenen_US
dc.subject.stwEntwicklungsländeren_US
dc.titleCapital/labor substitution, capital deepening, and FDIen_US
dc.typeWorking Paperen_US
dc.identifier.ppn557257662en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Volkswirtschaftliche Diskussionsreihe, Universität Augsburg

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