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Recent Trends in Capital Accumulation and Implications for Investment

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Abstract

Business investment has been fairly low over the past several years. As a result, the growth in the stock of capital has not kept up with the growth in gross domestic product (GDP) or employment. This Chicago Fed Letter studies these recent trends and discusses their implications for future investment.

Suggested Citation

  • François Gourio & Thomas H. Klier, 2015. "Recent Trends in Capital Accumulation and Implications for Investment," Chicago Fed Letter, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhle:00032
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    File URL: https://www.chicagofed.org/~/media/publications/chicago-fed-letter/2015/cfl344-pdf.pdf
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    Citations

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    Cited by:

    1. Tarek Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2019. "Uneven Growth: Automation’s Impact on Income and Wealth Inequality," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-333, Boston University - Department of Economics.
    2. King, Carey W., 2020. "An integrated biophysical and economic modeling framework for long-term sustainability analysis: the HARMONEY model," Ecological Economics, Elsevier, vol. 169(C).
    3. Daan Steenkamp, 2018. "Factor Substitution and Productivity in New Zealand," The Economic Record, The Economic Society of Australia, vol. 94(304), pages 64-79, March.
    4. Miguel Leon-Ledesma & Alessio Moro, 2016. "The rise of the service economy and the real return on capital," Studies in Economics 1604, School of Economics, University of Kent.
    5. McMahon, Michael & Malherbe, Frédéric, 2020. "Beyond Pangloss: Financial sector origins of inefficient economic booms," CEPR Discussion Papers 15180, C.E.P.R. Discussion Papers.

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