Research Catalog

Title

Business Investment in the OECD Economies [electronic resource]: Recent Performance and some Implications for Policy / Robert Ford and Pierre Poret

Author

Ford, Robert.

Publication

Paris : OECD Publishing, 1990.

Details

Additional Authors

Poret, Pierre.

Description

92 p.; 21 x 29.7cm.

Summary

Investment growth in the OECD area has been higher in the second half of the 1980s than in the 1970s. However, the ratio of net investment to GDP has remained low by past cyclical standards. This paper first reviews the evolution of business-sector fixed investment and addresses measurement issues related to computers and intangible investment. It then examines the determinants of investment and the extent to which governments can and should influence capital formation. Time-series properties of investment, output and the cost of capital do not appear to be consistent with well-established theories of investment. The best predictor of investment is found to be its own past history. Therefore, although higher investment could be beneficial to future consumption and economic growth, the effectiveness of policies to raise investment via the cost of capital is largely uncertain ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.88

Uniform Title

OECD Economics Department Working Papers, no.88.

Subject

Economics

LCCN

10.1787/877680733115

OCLC

oecd-lib-001845

Author

Ford, Robert.

Title

Business Investment in the OECD Economies [electronic resource]: Recent Performance and some Implications for Policy / Robert Ford and Pierre Poret

Imprint

Paris : OECD Publishing, 1990.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.88

OECD Economics Department Working Papers, 1815-1973 ; no.88.

Connect to:

http://dx.doi.org/10.1787/877680733115

Indexed Term

Economics

Added Author

Poret, Pierre.

Other Standard Identifier

10.1787/877680733115 doi