This article examines trends in business investment in Ireland. Consistent with the international evidence on investment cycles, we show that business investment in Ireland exhibits large cyclical movements around a long-run trend relative to GDP. Changes in business in... View more
Agresti, A and Mojon, B, (2001). “Some Stylised Facts on the Euro Area Business Cycle”, European Central Bank Working Paper Series No. 95, December 2001.
Bakhshi, H and Larsen, J (2001).” Investmentspecific technological progress in the United Kingdom”, Bank of England Working Paper no. 129.
Bakhshi, H and Thompson, J, (2002). “Explaining trends in UK business investment”, Bank of England Bank of England Quarterly Bulletin, Spring 2002.
Bean, Charles R, 1981. “An Econometric Model of Manufacturing Investment in the UK,” Economic Journal, Royal Economic Society, vol. 91(361), pages 106-21, March.
Chatelain, Jean-Bernard & Andre Tiomo, 2003. “Monetary Policy and Corporate Investment in France,” Université Paris1 PanthéonSorbonne (Post-Print and Working Papers) halshs-00112523, HAL.
Ellis, C. and Simon Price, 2003. “UK business investment: long-run elasticities and shortrun dynamics,” Bank of England working papers 196, Bank of England.
Flug, K and Z, Hercowitz (2000).” Equipment Investment and the Relative Demand for Skilled Labour: International Evidence”, Review of Economic Dynamics, Volume 3, Issue 3, July 2000, Pages 461-485.
Jorgenson, D, (1964). “Capital theory and Investment Behaviour”, The American Economic Review, Vol. 53, No. 2.
Korotayev, A and Tsirel, S, (2010). “A Spectral Analysis of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and Kitchin Cycles in Global Economic Development, and the 2008-2009 Economic Crisis”. Structure and Dynamics. Vol.4. #1. P.3-57
Lawless, M and McCann, (2012). “The Irish SME lending market - a snapshot”, December 2010, Central Bank of Ireland Economic Letter Series, Vol. 2012 No.3.