- Additional Authors
- Description
- 44 p.; 21 x 29.7cm.
- Summary
- 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.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.1168
- Uniform Title
- OECD Economics Department Working Papers, no.1168.
- Subject
- Economics
- LCCN
- 10.1787/5jxvgg76vqg1-en
- OCLC
- oecd-lib
- Title
Investment Gaps after the Crisis [electronic resource] / Christine Lewis ... [et al]
- Imprint
Paris : OECD Publishing, 2014.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.1168
OECD Economics Department Working Papers, 1815-1973 ; no.1168.
- Connect to:
- Indexed Term
Economics
- Added Author
Lewis, Christine.
Pain, Nigel.
Strasky, Jan.
Menkyna, Fusako.
- Other Standard Identifier
10.1787/5jxvgg76vqg1-en doi