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The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe …, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries … points of GDP or more in several countries. A significant proportion of this investment shortfall is attributable to soft …
Persistent link: https://www.econbiz.de/10011276786
This paper explores the impact of structural policies on saving, investment, and current accounts in OECD and non … well as for a panel/cross-section of 117 OECD and non-OECD countries that relate saving, investment and current accounts to … saving, investment and current accounts through their impact on macroeconomic conditions such as productivity growth or …
Persistent link: https://www.econbiz.de/10008752697
and related wealth effects than on investment. The existence of wealth effects on consumption is little contested, but … work available on investment, partly reflecting poor results for Tobin?s Q, the user cost of capital and the financial … accelerator. Panel investment functions for up to 23 OECD countries are estimated. Significant asset price effects from the …
Persistent link: https://www.econbiz.de/10008542500
Using empirical evidence from panel analysis of current account dynamics and of bilateral trade balances, the paper argues that the large German current account surplus during the 2000s can be explained by an increasing gap between productivity growth in manufacturing vis-à-vis services. Such a...
Persistent link: https://www.econbiz.de/10011276815
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential … reasons for these low investment rates and discusses policy options to achieve faster capital accumulation. A shortage of … domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current …
Persistent link: https://www.econbiz.de/10009350673
This paper analyses how different tax policies can affect investment and productivity. To address this question the … differently by taxation. Investment is shown to respond negatively to an increase in the corporate tax rate and a decrease in …
Persistent link: https://www.econbiz.de/10005046040
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … from a variety of econometric approaches. Time-series results reveal a positive impact of infrastructure investment on …
Persistent link: https://www.econbiz.de/10005046058
product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalise entry, are very likely to spur investment …
Persistent link: https://www.econbiz.de/10005046068
efficiency with which it seems to be able to channel funds to new productive investment projects, particularly in hi … particularly their enforcement and transparency, support innovation and investment in new enterprises. In addition, using dynamic … panel regression techniques, the study finds significant relationships between investment and financial development, as …
Persistent link: https://www.econbiz.de/10005046107