The Determinants of Capital Intensity in
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Hasan, Rana; Mitra, Devashish; Sundaram, Asha
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Article
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2013
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Elsevier Science
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English
β 361 KB
We study the role of factor market imperfections in determining industry-level capital intensities. Using cross-country panel data on manufacturing industries, we find that labor market imperfections arising from labor regulation have a greater influence on capital intensity than do credit market im