When countries import production machinery, they must choose between new and used equipment. This article looks at that choice in the presence of labor-saving technical progress and complementarity between technologies and skills within the firm. It develops a theoretical model of the market for used machines. It then analyzes data on United States (U.S.) exports of metalworking machine tools by country of destination, classifying machines according...
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INFORMATION
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2000/01/01
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Article de revue
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77317
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1
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1
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2013/05/21
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Disclosed
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Vintage technologies and skill constraints : evidence from U.S. exports of new and used machines
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international financial statistic
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