Investment tends to fall dramatically in economic crises, which slows down the growth of the capital stock and thereby potential GDP. This note estimates the extent of such slowdown in the Turkish crises of 2001 and 2009. Capital growth fell significantly in both crises below its 1987-2011...

Many previously-nontraded services have become tradable, or are expected to become so, as a result of technological advances in information technology. This situation has raised concerns about the future of jobs and workers' incomes in advanced countries, especially in the United States....