Equipment Investment and Economic Growth: How Unique Is the Nexus?
AbstractRecent empirical research has suggested that there is a robust causal relationship running from equipment investment to economic groth. The stutus of this association as a "stylised fact" is examined. The data indicate that other forms of investment also have strong associations with economic growth, and reveal complex feedback mechanisms between different forms of investment and economic growth, and between equipment and non-equipment investment.
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Bibliographic InfoPaper provided by University of Hertfordshire - Business Schoool in its series Papers with number 1995:1.
Length: 17 pages
Date of creation: 1995
Date of revision:
Contact details of provider:
Postal: University of Hertfordshire, School of Business, Hertford Campus, Mangrove Road Hertford SG13 8QF, UK.
Phone: +44 (0)1707 284800
Fax: +44 (0)1707 284870
Web page: http://www.herts.ac.uk/courses/schools-of-study/business/
More information through EDIRC
ECONOMIC GROWTH ; INVESTMENTS;
Find related papers by JEL classification:
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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