Five years after its bust and partial recovery, real net private business investment in 2012 remained 41 percent below its previous peak. This weakness plays a central role in the slow recovery in output and even slower recovery in employment.
The Sluggish Recovery of Real Net Domestic Private Business Investment
By Robert Higgs
This
article
appeared in
the Fall 2013 issue of The Independent Review.
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(3 pages)
Bureaucracy and GovernmentBusiness and EntrepreneurshipEconomic History and DevelopmentEconomic PolicyEconomyGovernment and Politics
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