New York: Random House, 1999. Truman, Harry S.
35)Feenstra, Advanced International Trade 10-25 These equations show that the growth rates are inversely related to the real interest rates )] w / w ( R [ & & - and *)] w / * w ( R [ & & - : having a higher nominal interest rate R & lowers the discounted value of profits and therefore expenditure on R&D; conversely, having a rising path of wages and prices leads to rising profits and a lower real interest rate, with higher R&D. Taking the difference between the two growth rates in (10.
Specific holding periods focus awareness on different aspects of this short-term tug and pull.