The long-run relationship between productivity and capital *

@inproceedings{Funk2000TheLR,
  title={The long-run relationship between productivity and capital *},
  author={Mark Funk and Jack K. Strauss},
  year={2000}
}
Using panel cointegration techniques, we show a cointegrating relationship exists between capital and productivity in 446 manufacturing industries. Panel DOLS and FMOLS estimates reveal that innovations to productivity increase and Granger cause capital movements.  2000 Elsevier Science S.A. All rights reserved. 

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