Education, Research, and Economic Growth
AbstractIt is obvious that the German economy exhibits a significant decline in economic growth during the last two decades. Although the German economy has still to overcome the burden of the reunification in 1990 it is shown that this burden might be only one reason of this decline. In this study we follow the new growth theory and develop and com-pare indicators for the educational and R&D systems of the U.S. and Germany. In this line, we show that on average the German system can compete with the U.S. one, but a lack of human capital at very high skill levels becomes obvious. This lack, particularly leads to a lower performance of German R&D and could, therefore, possibly explain the decline of the German growth trend.
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Bibliographic InfoPaper provided by Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL) in its series Darmstadt Discussion Papers in Economics with number 21332.
Date of creation: Aug 2004
Date of revision:
Publication status: Published in Darmstadt Discussion Papers in Economics . 138 (2004-08)
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/21332/
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More information through EDIRC
Human Capital; Research and Development; Efficiency of Educational Systems; Sources of Economic Growth;
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