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growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the …
Persistent link: https://www.econbiz.de/10011142140
This paper analyzes the channels through which financial crises exert long-term negative effects on output. Recent models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap between pre-crisis trend and actual GDP. This...
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and weaken the automatic stabilization channel. A quantitative analysis of the US in the Great Recession shows that the …
Persistent link: https://www.econbiz.de/10012134794
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Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several economies within China’s supply chain are increasingly exposed to its investment-led growth and face growing risks from a...
Persistent link: https://www.econbiz.de/10011242248
recessions, i.e., the deeper the previous recession was, the higher the growth rate of business investment will be. The trend …I empirically analyze the dynamics of business investment following normal recessions (declines in business investment … recessions do not have significant permanent effects on the level of business investment, whereas banking crises have large and …
Persistent link: https://www.econbiz.de/10010518645
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