Investment-less Growth: An Empirical Investigation
NBER Working Paper No. 22897
---- Acknowledgements ----
We are grateful to Janice Eberly, Olivier Blanchard, Toni Whited, René Stulz, Martin Schmalz, Boyan Jovanovic, Tano Santos, Charles Calomiris, Glenn Hubbard, Holger Mueller, Alexis Savov, Philipp Schnabl, Ralph Koijen, Ricardo Caballero, Emmanuel Farhi, Viral Acharya, and seminar participants at Columbia University and New York University for stimulating discussions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.