Rents and Intangible Capital: A Q+ Framework
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In recent years, US investment has been lackluster, despite rising valuations. Key explanations include growing rents and growing intangibles. We propose and estimate a framework to quantify their roles. The gap between valuations reflected in average Q and investment reflected in marginal q can
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美国国家经济研究局创建时间：
2021-07-01
