Drivers of Investment Accelerations

Jakob de Haan, Kersten Stamm and Shu Yu

No 11100, CESifo Working Paper Series from CESifo

Abstract: Following earlier studies on accelerations of output and the capital stock, we propose an adjusted method to identify accelerations in investment that 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. Our evidence suggests that economic policy reform and institutional quality are important drivers of the likelihood that such an acceleration occurs. Furthermore, we find that the impact of reform on this likelihood is conditioned by institutional quality.

Keywords: investment accelerations; institutional quality; policy reform governance (search for similar items in EconPapers)
JEL-codes: E22 O11 O43 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp11100.pdf (application/pdf)

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:ces:ceswps:_11100

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().