{"id":53273,"date":"2023-12-01T18:05:45","date_gmt":"2023-12-01T17:05:45","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-decline-in-investment-shares-is-not-caused-by-falling-relative-prices-of-capital-a-note\/"},"modified":"2025-10-22T22:17:11","modified_gmt":"2025-10-22T20:17:11","slug":"the-decline-in-investment-shares-is-not-caused-by-falling-relative-prices-of-capital-a-note","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/53273\/","title":{"rendered":"The decline in investment shares is not caused by falling relative prices of capital: a note"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-53273","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Secularly declining GDP investment shares are often explained by the widespread fall in the relative price of investment goods. Granger non-causality tests applied to longer-term time series for a large number of industrial countries tend to reject that explanation.","onlinedate":"2019-05-01 02:00:00","lang":"English","publication_series":"","publication_date":"20190501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Relative prices of capital; Investment shares; Secular stagnation; Granger causality\"]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.springer.com\/10663","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"46","monthly_report_pages":"369-380","monthly_report_pages_sort":"369","issue":"2","journal":"Empirica","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3491],"collaboration":"","persons":[12211],"persons_data":"[{\"personId\":12211,\"personName\":\"Leon Podkaminer\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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