This paper looks at the effect of demand shocks on the investment share of the economy. Using panel data on 20 OECD countries, we show that the rate of growth of autonomous demand (exports, public spending and housing investment) is positively correlated with subsequent values of the share of...

This article provides evidence of an inverted U-shaped relationship between the share of construction in GDP and economic development, employing panel data for world countries for the period 2000-2011. The relationship holds only after logarithmic transformation of the data, implying that the...

This paper looks at the effect of demand shocks on the investment share of the economy. Using panel data on 20 OECD countries, we show that the rate of growth of autonomous demand (exports, public spending and housing investment) is positively correlated with subsequent values of the share of...