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dc.contributor.authorAntony, Jürgenen
dc.date.accessioned2008-01-23-
dc.date.accessioned2010-05-14T08:40:46Z-
dc.date.available2010-05-14T08:40:46Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aUniversität Augsburg, Institut für Volkswirtschaftslehre |cAugsburgen
dc.relation.ispartofseries|aVolkswirtschaftliche Diskussionsreihe |x295en
dc.subject.jelE23en
dc.subject.jelF21en
dc.subject.jelO11en
dc.subject.ddc330en
dc.subject.keywordCapital/Labor Substitution : FDIen
dc.subject.keywordCapital Deepeningen
dc.subject.stwFaktorsubstitutionen
dc.subject.stwKapitalintensitäten
dc.subject.stwSubstitutionselastizitäten
dc.subject.stwDirektinvestitionen
dc.subject.stwTheorieen
dc.subject.stwIndustriestaatenen
dc.subject.stwEntwicklungsländeren
dc.titleCapital/labor substitution, capital deepening, and FDI-
dc.type|aWorking Paperen
dc.identifier.ppn557257662en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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