Investment Gaps after the Crisis:

The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative...

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Bibliographische Detailangaben
1. Verfasser: Lewis, Christine (VerfasserIn)
Weitere Verfasser: Pain, Nigel (MitwirkendeR), Stráský, Jan (MitwirkendeR), Menkyna, Fusako (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2014
Schriftenreihe:OECD Economics Department Working Papers no.1168
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Zusammenfassung:The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage points of GDP or more in several countries. A significant proportion of this investment shortfall is attributable to soft demand conditions (the accelerator effect) but financial factors and heightened uncertainty have also played a role. In addition to continued support to demand from macroeconomic policies, the recovery in investment could be boosted by tackling longer-term policy issues that bear on investment decisions indirectly, by reducing financial fragmentation in the euro area and by undertaking growth-friendly structural reforms.
Beschreibung:1 Online-Ressource (43 p.) 21 x 29.7cm.
DOI:10.1787/5jxvgg76vqg1-en

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