Commentary: Investment Policies to Promote Growth
نویسنده
چکیده
Several papers at this conference have stressed the favorable effect on economic growth of increases in business investment, especially investment in machinery and equipment. The authors of these papers have reminded us that such investment does more than increase the capital stock. Investment also embodies new technologies and may involve externalities that cause the national return to private investment to be greater than the private return to the firm that does the investing.
منابع مشابه
Investment Policies to Promote Growth
This conference emphasizes the last of these roles, reflecting developments in economic theory and concerns over recent macroeconomic performance, notably in the United States. But in considering the design of investment policies to promote growth, and evaluating policies that have been tried in the past, it is helpful to keep investment's other "roles" in view. Policies alleged to promote grow...
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