Capital goods imports, machinery investment and economic development in the long run: the case of Chile
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Introduction Studies about machinery equipment investment have a long tradition in economics and economic history. Since the analysis of the Industrial Revolution and the growth studies of the twentieth century, there are indications that economic growth of countries has a strong nexus with investment in capital formation and speci cally, with the machinery equipment investment. However, in the case of developing countries there is a lack of quantitative studies in the long run about the relationship between growth and machinery equipment investment.
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