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Investment in OECD Countries: A Primer

Balázs Égert

No 9136, CESifo Working Paper Series from CESifo

Abstract: Aggregate business investment is a major driver of long-term economic growth. It has been weak in many advanced economies over the last decade, partly due to cyclical demand-side effects. Nevertheless, a number of structural factors and policies interact with and have an effect on business investment. This paper provides a survey of the literature on the main policy drivers of business investment such as finance (including bank and market finance, venture capital and the debt bias in corporate taxation), tax policies, foreign direct investment, product and labour market and environmental regulations, the importance of an efficient insolvency regime, the negative impact of (regulatory) uncertainty and the role of infrastructure investment as a support for business investment.

Keywords: aggregate investment; capital deepening; structural policy; product market regulation; labour market regulation; OECD (search for similar items in EconPapers)
JEL-codes: C13 C23 C51 E24 L43 L51 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-cwa, nep-fdg and nep-mac
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