| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11886 |
| DP11886 Weakness in Investment Growth: Causes, Implications and Policy Responses | |
| M. Ayhan Kose; Franziska Ohnsorge; Lei (Sandy) Ye; Ergys Islamaj | |
| 发表日期 | 2017-03-03 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the slowdown has been broad‐based and most pronounced in the largest emerging markets and in commodity exporters. Second, it reflects a range of obstacles: weak activity, negative terms‐of‐trade shocks, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers from major economies. Third, by slowing capital accumulation and technological progress embedded in investment, weak post‐crisis investment growth has contributed to sluggish growth of potential output in recent years. Finally, although specific policy priorities depend on country circumstances, policymakers can boost investment both directly, through public investment, and indirectly, by encouraging private investment, including foreign direct investment, and by undertaking measures to improve overall growth prospects and the business climate. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Emerging markets Investment slowdown Policy space Infrastructure investment Policies |
| URL | https://cepr.org/publications/dp11886 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540698 |
| 推荐引用方式 GB/T 7714 | M. Ayhan Kose,Franziska Ohnsorge,Lei ,et al. DP11886 Weakness in Investment Growth: Causes, Implications and Policy Responses. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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