limit of the series, the factor analysis included 12 time series which had a correlation coefficient with a quarterly GDP at … the absolute value greater than 0.8. The principal component analysis (PCA) and the orthogonal varimax rotation of the …&H GDP was selected based on a comparative analysis of the predictive efficiency of the analysed models for the in …

question by providing a micro-foundation for the cross-country dispersion in investment distortions. Our analysis rests on two … investment goods, and invest a lower fraction of their income. Our analysis also suggests that the mechanism we study may be …