Francesco Caselli

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2003-04 | March 1, 2003

We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being based on each equipment type’s intrinsic efficiency, as well as on its degree of complementarity with other factors whose abundance differ across countries. Third, we examine the implications of investment composition for development accounting, i.e., for explaining the cross-country variation in income per capita.

Article Citation

Wilson, Daniel J., and Francesco Caselli. 2003. “Importing Technology,” Federal Reserve Bank of San Francisco Working Paper 2003-04. Available at

About the Author
Daniel Wilson
Daniel Wilson is a vice president in the Economic Research Department of the Federal Reserve Bank of San Francisco. Learn more about Daniel Wilson