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Schwache Unternehmensinvestitionen in Deutschland? Diagnose und Therapie

Author

Listed:
  • Bardt Hubertus
  • Grömling Michael
  • Hüther Michael

    (Institut der deutschen Wirtschaft e. V., Konrad-Adenauer-Ufer 21, 50668 Köln)

Abstract

Corporate investment has developed only moderately in Germany since the global financial market crisis. The capital stock made up of machinery and equipment has been in a stalemate since 2008. However, the notion of a quantifiable investment gap is not tenable. A recent survey of German companies provides important information about current obstacles to investment in Germany. On the one hand, the respondent companies suffer from increasing global uncertainties. On the other hand, the conditions for investment in Germany have deteriorated. Examples are the high-energy costs in international comparison and new labor market regulations like early retirement schemes and legal minimum wages. Instead of engaging in expensive investment programs, the German government should better tackle the homemade barriers to investment.

Suggested Citation

  • Bardt Hubertus & Grömling Michael & Hüther Michael, 2015. "Schwache Unternehmensinvestitionen in Deutschland? Diagnose und Therapie," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 64(2), pages 224-250, August.
    • Handle: RePEc:lus:zwipol:v:64:y:2015:i:2:p:224-250
    DOI: 10.1515/zfwp-2015-0208
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    Cited by:

    1. Isabel Hanisch & Elisabeth Wieland & Timo Wollmershäuser, 2015. "The Development of German Investment Activity in a European Comparison – the Role of Price and Volume Effects," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(16), pages 39-50, August.
    2. Wolfgang Nierhaus & Timo Wollmershäuser, 2016. "ifo Konjunkturumfragen und Konjunkturanalyse: Band II," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72.

    More about this item

    Keywords

    investment; growth; supply side policy; Investitionen; Wachstum; Angebotspolitik;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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