Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76997
Authors: 
Weyerstraß, Klaus
Year of Publication: 
2003
Series/Report no.: 
IWH Discussion Papers 174
Abstract: 
In the 1980s and, in particular, in the 1990s the countries of the European Union experienced divergent developments of gross fixed capital formation. Estimating an investment function for a panel of ten countries and analyzing the paths of the determinants of investment in the countries under consideration reveals that the different development of final demand is the main factor responsible for the divergences in investment. Other factors are disparities in the decline of real interest rates and of relative prices for capital goods.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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