Increases in Business Investment Rates in OECD Countries in the 1990s: How Much Can be Explained by Fundamentals?
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In several OECD countries, investment rates in the business sector grew strongly in the second half of the 1990s. In some cases, the strength of private investment relative to output growth had raised concerns about the risk of capital overhang and the prospect of a prolonged period of slow capital formation in order to bring investment levels...
