G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w2274
来源IDWorking Paper 2274
Is the U.S. a Spendthrift Nation?
Robert E. Lipsey; Irving B. Kravis
发表日期1987-06-01
出版年1987
语种英语
摘要The belief that the U.S. is a nation of spendthrifts, unwilling to pro- vide for the future, rests on observations of particular narrow definitions of capital formation, on the use of nominal values that ignore inter- national differences in the relative prices of capital goods, and on concentration on the ratio of capital formation to total output rather than on the amount of capita1 formation per capita. By a broad definition of capital formation, the U.S. has been investing a proportion of its gross output in the last decade and a half that is not far below that of other developed countries, even in nominal terms. In world prices, or real terms, U.S. capital formation was a higher proportion of output than in nominal terms. Real gross capital formation per capita in the U.S., even by a narrow definition of capital formation, was above the average for developed countries. By a broad measure of capital formation, few countries surpassed the U.S. in per capita real capital formation.
主题Econometrics
URLhttps://www.nber.org/papers/w2274
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/559529
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Robert E. Lipsey,Irving B. Kravis. Is the U.S. a Spendthrift Nation?. 1987.
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