find no evidence that fixed investment is the only or main source of ignition for economic growth …

, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played … by the investment rate in the long-run performance of the economy. Evidence from the states suggests that the effects of … physical capital investment …

investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an … any of the other components of investment. A variety of considerations suggest that this association is causal, that … higher equipment investment drives faster growth, and that the social return to equipment investment in well functioning …

volume of investment. Its application to the United States economy and the economies of other major OECD nations suggests …

consumption, investment and international growth models, we provide a consistent synthesis. Our framework permits the analysis of …

neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics … distribution, which support the aggregate and micro-level implications of our theory …

. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … by introducing intangible investment and non-neutral technology change with respect to producing intangible investment … goods and find that the 1990s are not puzzling in light of this new theory. There is compelling micro and macro evidence for …