The Contribution Of Foreign Capital To U.S. Productivity Growth
- Topics:
- Foreign Direct Investment,
- Organization
- Tags:
- Capital,
- Finance,
- Investment,
- Productivity Growth,
- U.S.
- Source:
- Creighton University
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Overview: U.S. Bureau of Labor Statistics productivity data show output growth per worker since 1995 approximately doubling the rate achieved over the preceding two decades. A rapid inflow of foreign investment paralleled the growth in productivity, suggesting a positive link between U.S. productivity and foreign capital. The goal of this study is to examine the relative contribution of foreign capital to the productivity gains. Applying a Cobb-Douglas production function to data from 1988 to 1999, it is found that foreign capital made important contributions to U.S. productivity growth. While it is concluded that foreign capital had little impact on productivity growth from 1988 to 1994, estimates indicate that it accounted for roughly twenty-six percent of U.S. productivity gains from 1995 to 1999.
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Format: PDF | Size: 78KB | Date: Jan 2003 | Pages: 27
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