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...

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries. Prudent macroeconomic policies will be critical to prolonging the current expansion, given the risks associated with high inflation and volatile...

This paper investigates capital formation with a view at various tangible and intangible assets across Europe. Using novel datasets both at macro and firm level, we estimate translog production functions to assess complementarities at different aggregation levels. At macro-level, our evidence...

This paper investigates capital formation with a view at various tangible and intangible assets across Europe. Using novel datasets both at macro and firm level, we estimate translog production functions to assess complementarities at different aggregation levels. At macro-level, our evidence...

Mitigating climate change requires aligning real economy investments with climate objectives. This pilot study measures the climate consistency of investments in transport infrastructure and vehicles in Latvia between 2008 and 2018, estimated at EUR 1.5 billion per year on average. To do so,...

This paper presents results from a first pilot study to measure the consistency of real economy investments with climate change mitigation objectives. The analysis focuses on investments in infrastructure and equipment in the manufacturing industries in Norway between 2010 and 2017, estimated at...

Intangible assets are largely ignored by the “traditional” System of National Accounts (SNA), although they play an increasingly important economic role. The reasons for this are the substantial measurement and valuation problems. This article applies a methodology based on Hulten (1979) and...

In this paper we examine from a sectoral point of view the main trends of investment in the Brazilian economy in the 2000s and its relation to value added and to imports and exports coefficients. It is argued for the existence of three expansion fronts: infrastructure, natural resources and mass...

This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in five Central American countries; Costa Rica, El Salvador, Honduras, Nicaragua, and Panama for the period 1970-2016. It estimates the effects of a change in the wage share on...

In this paper we examine from a sectoral point of view the main trends of investment in the Brazilian economy in the 2000s and its relation to value added and to imports and exports coefficients. It is argued for the existence of three expansion fronts: infrastructure, natural resources and mass...