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Equipment Investment and Economic Growth: How Unique Is the Nexus?

Author

Listed:
  • Wood, A.

Abstract

Recent 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.

Suggested Citation

  • Wood, A., 1995. "Equipment Investment and Economic Growth: How Unique Is the Nexus?," Papers 1995:1, University of Hertfordshire - Business Schoool.
    • Handle: RePEc:fth:hertbu:1995:1
    as

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    More about this item

    Keywords

    ECONOMIC GROWTH ; INVESTMENTS;

    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, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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