Why Germany Has Such a Weak Growth Performance
AbstractGermany has had an extremely low growth performance since 1995. The paper looks at the long-run reasons for this loss of economic dynamics besides German unification: These include leaving labor idle, a declining share of investment in GDP, a weaker innovative activity, an ineffective system for human capital formation with the exception of vocational training and an erosion of the export position with a reduced attractiveness for foreign direct investment. The issue is raised whether Germany belongs to a new category of economies, the NDCs, the Newly Declining Countries.
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1182.
Length: 47 pages
Date of creation: Sep 2003
Date of revision:
Economic growth; labor and human capital; capital accumulation; innovation; export performance; foreign direct investment; enterprise sector; sectorial change.;
Find related papers by JEL classification:
- E0 - Macroeconomics and Monetary Economics - - General
- F0 - International Economics - - General
- J0 - Labor and Demographic Economics - - General
- L0 - Industrial Organization - - General
- O0 - Economic Development, Technological Change, and Growth - - General
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