About this document
Equipment Investment and Economic Growth by Nurul Nadiah is a document available to read on EtoBox.
1) The document analyzes the relationship between machinery and equipment investment and economic growth using data from the United Nations and Penn World Table. 2) It finds a strong statistical relationship, with each 1% of GDP invested in equipment associated with 0.33% higher annual GDP growth. This relationship is much stronger than for other types of investment. 3) Various evidence suggests this relationship is causal, with higher equipment investment driving faster growth, implying equipment investme
- Author
- Nurul Nadiah
- Language
- EN