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- Title
Long-run Cycles in Business Investment.
- Authors
Cross, Philip
- Abstract
The article discusses the significance of long-run cycles in business investment. There is a considerable impact of investment cycles on the overall business cycle. It happens very rarely that an economy accelerates to peak rates of growth without a rise in capital spending, while fall in investment spending are the signs of the most severe and prolonged recessions. The stock of capital is a key factor to determine productivity. The significant role of investment is all the more striking when its relatively small share in total spending is taken into account.
- Subjects
INVESTMENTS; BUSINESS cycles; CAPITAL investments; RECESSIONS; CAPITAL productivity; CAPITAL
- Publication
Canadian Economic Observer, 2005, Vol 18, Issue 9, p3.1
- ISSN
0835-9148
- Publication type
Article