Lewis, Christine; Pain, Nigel; Strasky, Jan; Menkyna, Fusako - 2014
, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries …, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage … points of GDP or more in several countries. A significant proportion of this investment shortfall is attributable to soft …