IDEAS home Printed from https://ideas.repec.org/a/tpr/restat/v65y1983i1p144-49.html
   My bibliography  Save this article

Has the Rate of Investment Fallen?

Author

Listed:
  • Feldstein, Martin

Abstract

Although the ratio of gross fixed nonresidential investment to GNP has decreased very little since the late 1960rs, the corresponding net investment ratio declined by nearly 40 percent between the second half of the 1960's and the second half of the 1970's. Four-fifths of this decline was due to the increased ratio of depreciation to GNP and only one-fifth to the decreased ratio of gross investment to GNP. The increased ratio of depreciation to GNP was in turn due in equal amounts to the higher ratio of capital to GNP and to the higher rate of depreciation. Nearly half of the higher depreciation rate was due to the increased rate of depreciation of equipment and nearly half to the increased share of equipment in the capital stock.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Feldstein, Martin, 1983. "Has the Rate of Investment Fallen?," The Review of Economics and Statistics, MIT Press, vol. 65(1), pages 144-149, February.
  • Handle: RePEc:tpr:restat:v:65:y:1983:i:1:p:144-49
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0034-6535%28198302%2965%3A1%3C144%3AHTROIF%3E2.0.CO%3B2-Q&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Orley Ashenfelter & James Heckman, 1974. "Measuring the Effect of an Antidiscrimination Program," Working Papers 432, Princeton University, Department of Economics, Industrial Relations Section..
    2. Richard Butler & James J. Heckman, 1977. "The Government's Impact on the Labor Market Status of Black Americans: A Critical Review," NBER Working Papers 0183, National Bureau of Economic Research, Inc.
    3. Orley Ashenfelter & James Heckman, 1974. "Measuring the Effect of an Antidiscrimination Program," Working Papers 432, Princeton University, Department of Economics, Industrial Relations Section..
    4. James J. Heckman & Kenneth I. Wolpin, 1976. "Does the Contract Compliance Program Work? An Analysis of Chicago Data," ILR Review, Cornell University, ILR School, vol. 29(4), pages 544-564, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michael Perelman, 2006. "The neglect of replacement investment in keynesian economics," Review of Political Economy, Taylor & Francis Journals, vol. 18(4), pages 547-559.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:65:y:1983:i:1:p:144-49. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristin Waites). General contact details of provider: http://mitpress.mit.edu/journals/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.