Investment and Economic Growth

Carlos Encinas-Ferrer () and Eddie Villegas-Zermeño ()
Additional contact information
Carlos Encinas-Ferrer: Universidad del Valle de Atemajac Campus León
Eddie Villegas-Zermeño: Universidad Iberoamericana León

Chapter Chapter 46 in Advances in Panel Data Analysis in Applied Economic Research, 2018, pp 657-678 from Springer

Abstract: Abstract The variable gross investment or gross fixed capital formation is composed of two elements: the investment for replacement of the fixed capital consumed and new physical capital investment or net fixed capital formation. The latter is supposed to be the investment that allows the growth of productive capacity and, therefore, of economic growth in the medium and long term. In this paper, we perform a statistical and econometric study of the variables mentioned to know their trends and determine if there is indeed a causal relationship between the net fixed capital formation and economic growth, the former being the independent variable. We conducted our analysis on three countries: the USA, the Republic of Korea, and Brazil.

Keywords: Gross national income; Adjusted net national income; Gross fixed capital formation; Fixed capital consumption; Net fixed capital formation; Economic growth (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-70055-7_46

Ordering information: This item can be ordered from
http://www.springer.com/9783319700557

DOI: 10.1007/978-3-319-70055-7_46

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().