期刊名称：Economic Assessment of the Euro Area / Euroframe
出版年度：2006
卷号：SPR
出版社：The Economic and Social Research Institute
摘要：Output growth has been relatively weak over the last five years, and domestic demand growth
since 2003 has hardly been any higher than GDP growth. Demand growth can be weak
because output growth is weak and borrowing costs are high, or because individuals decide to
either save more or invest less than they would have done given output and borrowing costs.
Weakness in investment that is unexplained by developments in the economy can be a worry
for the longer term, as it would mean that the capacity to produce in the future would be
constrained. Alternatively weak investment could be the result of capital augmenting
technical progress that is easy to embody into the existing capital stock. This could for
insatnce, come with computer aided capital stock use improvements which would help
increase output with limited investment.
