Investment accelerations

Jakob de Haan, Kersten Stamm and Shu Yu

Structural Change and Economic Dynamics, 2025, vol. 73, issue C, 196-210

Abstract: Following earlier studies on accelerations of output and the capital stock growth, we propose an adjusted method to identify accelerations in investment. The method ensures that the identified episodes are characterized by sustained increases in per capita investment growth to a relatively high rate. We identify 192 investment accelerations in 93 economies (34 advanced economies and 59 emerging and developing economies) over 1950–2022. Output growth is about 2 percentage points higher during investment accelerations than in other years. Our evidence also suggests that economic policy reform and institutional quality are positively associated with the likelihood that such an acceleration occurs.

Keywords: Investment accelerations; Institutional quality; Policy reform (search for similar items in EconPapers)
JEL-codes: E22 O11 O43 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:73:y:2025:i:c:p:196-210

DOI: 10.1016/j.strueco.2025.01.007

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