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来源类型Working Paper
规范类型报告
DOI10.3386/w17788
来源IDWorking Paper 17788
Investment and Growth in Rich and Poor Countries
Yin-Wong Cheung; Michael P. Dooley; Vladyslav Sushko
发表日期2012-01-26
出版年2012
语种英语
摘要This paper revisits the association between investment and growth. The empirical findings highlight substantial heterogeneity for the effect of investment on growth and suggest a possible negative association. Results based on a battery of cross-sectional and time-series regressions show that the link between investment and growth has weakened over time and that investment in high-income countries is more likely to have a negative effect on growth. The adverse effect for high-income countries appears to have increased over time. An implication is that uphill capital flows could be associated with negative or zero returns. The result is robust to the presence of control variables that are commonly included in growth studies.
主题International Economics ; International Macroeconomics ; Development and Growth ; Growth and Productivity ; Country Studies
URLhttps://www.nber.org/papers/w17788
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575463
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GB/T 7714
Yin-Wong Cheung,Michael P. Dooley,Vladyslav Sushko. Investment and Growth in Rich and Poor Countries. 2012.
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