The Marginal Product of Capital
نویسندگان
چکیده
منابع مشابه
The Marginal Product of Capital∗
Whether or not the marginal product of capital (MPK) differs across countries is a question that keeps coming up in discussions of comparative economic development and patterns of capital flows. Using easily accessible macroeconomic data we find that MPKs are remarkably similar across countries. Hence, there is no prima facie support for the view that international credit frictions play a major...
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It is quite common to associate the equilibrium rate of interest with the marginal product of capital. However, not all economists have endorsed this practice, and indeed many have challenged the explanation of interest according to marginal principles. In this paper I offer a resolution to this dispute by first agreeing with the critics of mainstream models, but then demonstrating that the "ju...
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The optimal allocation of water is importance because Yazd province has very limited access to water resources. The optimal allocation requires that the water price be approximately equal to its economic value. Accordingly, the present paper calculated the economic value of water consumed by manufacturing industries in Yazd province. The Cobb-Douglas, transcendental, translog, generalized quadr...
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چکیده ندارد.
15 صفحه اولREIT Capital Budgeting and Equity Marginal Q*
Equity marginal q is the change in market value of a company’s equity in conjunction with a oneunit unexpected change in its asset base. Hence, it is a profitability index that evaluates a firm’s capital budgeting decisions at the margin. In this paper, we estimate the equity marginal q for real estate-managing public corporations, namely, real estate investment trusts (REITs), in an attempt to...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 2007
ISSN: 0033-5533,1531-4650
DOI: 10.1162/qjec.122.2.535