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Investment-less Growth: An Empirical Investigation

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NBER2016-12-01 更新2025-01-04 收录
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We analyze private fixed investment in the U.S. over the past 30 years. We show that investment is weak relative to measures of profitability and valuation particularly Tobins Q, and that this weakness starts in the early 2000s. There are two broad categories of explanations: theories that predict

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2016-12-01
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