Advanced Search
MyIDEAS: Login

After the Crisis: German R&D-Intensive Industries in a Good Position

Contents:

Author Info

  • Heike Belitz
  • Marius Clemens
  • Martin Gornig
  • Florian Mölders
  • Alexander Schiersch
  • Dieter Schumacher

Abstract

The strong reliance of the German economy on the industry sector has been a point of criticism for years now. Germany is too strongly focused on export, making it susceptible to crises and fluctuations in demand and exchange rates, the critics allege. A non-critical look at the numbers during the recent economic crisis seems to reaffirm these old concerns: Industrial productivity shrank significantly and exports collapsed. Taking a closer look, however, it is clear that R&D-intensive industries passed their trial by fire during the crisis. The joint strategy of companies, unions and politicians managed to keep employment figures mostly stable during the global slump in demand and thus helped these industries to be well prepared for the upswing with a broad portfolio consisting of vehicle manufacturing, machine building, and electronic, measurement and medical technology. Looking specifically at the emerging markets, these industries did better than just defend their leading positions; they expanded market shares during the crisis. This can be seen in the international comparison of the latest data on value added, productivity and bilateral trade, conducted by DIW Berlin. The results: The R&D-intensive industries in Germany have already returned to their long-run growth path and are in a favorable position for the future.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.377100.de/diw_econ_bull_2011-02-1.pdf
Download Restriction: no

Bibliographic Info

Article provided by DIW Berlin, German Institute for Economic Research in its journal DIW Economic Bulletin.

Volume (Year): 1 (2011)
Issue (Month): 2 ()
Pages: 3-4

as in new window
Handle: RePEc:diw:diwdeb:2011-2-1

Contact details of provider:
Postal: Mohrenstraße 58, D-10117 Berlin
Phone: xx49-30-89789-0
Fax: xx49-30-89789-200
Email:
Web page: http://www.diw.de/en
More information through EDIRC

Related research

Keywords: Industrial specialization; international trade; manufacturing industries;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:diw:diwdeb:2011-2-1. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.