Forecasting U.S. Investment

The driving force of U.S. economic growth is expected to rotate from the fiscal stimulus and inventory rebuilding in 2009 to private demand in 2010, with consumption and particularly investment expected to be important contributors to growth. The strength of U.S. investment will hence be a crucial i...

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Bibliographic Details
Main Author: Rabanal, Pau
Other Authors: Lee, Jaewoo
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a United States 
653 |a Private investment 
653 |a Investment 
653 |a Multiple or Simultaneous Equation Models 
653 |a Vector error correction models 
653 |a Dynamic Treatment Effect Models 
653 |a Economic Forecasting 
653 |a Aggregate Labor Productivity 
653 |a Unemployment 
653 |a Diffusion Processes 
653 |a Economic forecasting 
653 |a Intangible Capital 
653 |a Aggregate Human Capital 
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653 |a Saving and investment 
653 |a Forecasting and Other Model Applications 
653 |a Econometric models 
653 |a Investments: General 
653 |a Macroeconomics 
653 |a Wages 
653 |a Capacity 
653 |a Econometrics 
653 |a Dynamic Quantile Regressions 
653 |a Econometrics & economic statistics 
653 |a Capital 
653 |a Intergenerational Income Distribution 
653 |a Multiple Variables: General 
653 |a Employment 
653 |a Capital productivity 
653 |a Production and Operations Management 
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520 |a The driving force of U.S. economic growth is expected to rotate from the fiscal stimulus and inventory rebuilding in 2009 to private demand in 2010, with consumption and particularly investment expected to be important contributors to growth. The strength of U.S. investment will hence be a crucial issue for the U.S. and global recovery. On the basis of several traditional models of investment, we forecast that the U.S. investment in equipment and software will grow by about 10 percent on average over the 2010-12 period. The contribution of investment to real GDP growth will be 0.8 percentage points on average over the same period