Germany 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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Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number
1182.
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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