Global growth accounting: The role of shifting investment patterns

Abdul A. Erumban; Robert Inklaar; Klaas de Vries

doi:10.4324/9781351002547-7

Global growth accounting: The role of shifting investment patterns

Abdul A. Erumban, Robert Inklaar, Klaas de Vries

Global Economics & Management

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

Abstract

Accounting for the sources of economic growth on a global scale has long been held back by missing or inadequate information about the asset composition of investment for many countries. In this chapter, we take a significant step forward by developing such data from country National Accounts, complemented by data estimated in a transparent and uniform framework, representing an important step forward over earlier efforts. We analyze the newly developed investment dataset to determine how investment patterns have changed over time and how they vary with the level of economic development, and show how accounting for changing patterns of investment impacts our view on the sources of global economic growth.

Original language	English
Title of host publication	Productivity Dynamics in Emerging and Industrialized Countries
Editors	Deb Kusum Das
Place of Publication	London ; New York
Publisher	Routledge
Chapter	6
Pages	154-174
Number of pages	21
ISBN (Electronic)	9781351002547
ISBN (Print)	9781138745506
DOIs	https://doi.org/10.4324/9781351002547-7
Publication status	Published - 2018

Keywords

capital
investment
technological change
growth accounting

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AB - Accounting for the sources of economic growth on a global scale has long been held back by missing or inadequate information about the asset composition of investment for many countries. In this chapter, we take a significant step forward by developing such data from country National Accounts, complemented by data estimated in a transparent and uniform framework, representing an important step forward over earlier efforts. We analyze the newly developed investment dataset to determine how investment patterns have changed over time and how they vary with the level of economic development, and show how accounting for changing patterns of investment impacts our view on the sources of global economic growth.

KW - capital

KW - investment

KW - technological change

KW - growth accounting

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DO - 10.4324/9781351002547-7

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BT - Productivity Dynamics in Emerging and Industrialized Countries

A2 - Das, Deb Kusum

PB - Routledge

CY - London ; New York

ER -

Global growth accounting: The role of shifting investment patterns

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