Intangible Investment and Low Inflation : A Framework and Some Evidence /
Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic aggregat...
Autor principal: | Lall, Subir |
---|---|
Otros Autores: | Zeng, Li |
Formato: | Revista |
Lenguaje: | English |
Publicado: |
Washington, D.C. :
International Monetary Fund,
2020.
|
Colección: | IMF Working Papers; Working Paper ;
No. 2020/190 |
Acceso en línea: | Full text available on IMF |
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