Pérez Artica, Rodrigo; Brufman, Leandro; Martinez, Lisana - Volkswirtschaftliche Fakultät, … - 2013
We analyze a sample of manufacturing firms from Germany, France, Italy, Japan, and UK during the period 1997-2011, and find an increasing trend of excess savings (defined as the difference between gross saving and capital formation), and a gradual decline of gross capital formation. This trend...