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Forecasting U.S. Investment

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Author Info

  • Pau Rabanal
  • Jaewoo Lee

Abstract

The driving force of U.S. economic growth is expected to rotate from the fiscal stimulus and inventory rebuilding in 2009 to private demand in 2010, with consumption and particularly investment expected to be important contributors to growth. The strength of U.S. investment will hence be a crucial issue for the U.S. and global recovery. On the basis of several traditional models of investment, we forecast that the U.S. investment in equipment and software will grow by about 10 percent on average over the 2010-12 period. The contribution of investment to real GDP growth will be 0.8 percentage points on average over the same period.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 10/246.

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Length: 33
Date of creation: 01 Nov 2010
Date of revision:
Handle: RePEc:imf:imfwpa:10/246

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Related research

Keywords: Economic forecasting; Economic growth; Economic models; Industrial investment; Information technology; Private consumption; cost of capital; capital stock; gdp growth; capital accumulation; business cycle; business cycle fluctuations; business cycles; growth rates; real gdp; growth rate; corporate bonds; capital ratio; bond yields; gdp deflator; credit market; stock market; gdp growth rates; equity prices;

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  1. Luca Gambetti & Jordi Galí, 2007. "On the sources of the Great Moderation," Proceedings, Federal Reserve Bank of San Francisco, Federal Reserve Bank of San Francisco, issue Nov.
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Cited by:
  1. F. Bacchini & M. E. Bontempi & R. Golinelli & C. Jona Lasinio, 2014. "ICT and Non-ICT investments: short and long run macro dynamics," Working Papers wp956, Dipartimento Scienze Economiche, Universita' di Bologna.

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