Showing 1 - 10 of 120
In the 1980s, U.S. real investment in high technology equipment has grown rapidly while other components of business … fixed investment have been weak. The surge in real high technology investment has been accompanied by a very sharp decline … investment was extended to cover the period through 1988, the equation for nonresidential structures performed much as before …
Persistent link: https://www.econbiz.de/10014396096
This paper examines the behavior of business fixed investment in the United States in the 1980s. A background … discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the … empirical analysis. A standard neoclassical model of business fixed investment is specified and estimated, with output and the …
Persistent link: https://www.econbiz.de/10014396320
The paper describes a global model consisting of several industrial and developing country blocks built to analyze alternative economic policies in a medium-term context. The model, which has been used to construct medium-term scenarios for the World Economic Outlook, consists of aggregate...
Persistent link: https://www.econbiz.de/10014395761
This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and capacity utilization. We apply the model to 10 countries, in addition to the United States and the euro area. While there is a substantial amount of uncertainty around our estimates,...
Persistent link: https://www.econbiz.de/10014403161
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money...
Persistent link: https://www.econbiz.de/10014405576
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …
Persistent link: https://www.econbiz.de/10014397271
This paper examines some factors that may have accounted for the investment and growth performance of Ghana during the …
Persistent link: https://www.econbiz.de/10014397501
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …
Persistent link: https://www.econbiz.de/10014396141
This paper reviews the literature on factors which affect saving and capital formation in industrialized countries. Problems of measurement are briefly examined. Evidence of the effect on the rate of saving of real rates of return, income redistribution, allocation of saving between corporations...
Persistent link: https://www.econbiz.de/10014396192