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Why Germany has such a weak growth performance

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  • Siebert, Horst

Abstract

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.

Suggested Citation

  • Siebert, Horst, 2003. "Why Germany has such a weak growth performance," Kiel Working Papers 1182, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1182
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    File URL: https://www.econstor.eu/bitstream/10419/3046/1/kap1182.pdf
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    References listed on IDEAS

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    Cited by:

    1. Büttner, Thies & Cleff, Thomas & Egeln, Jürgen & Licht, Georg & Metzger, Georg & Overesch, Michael & Rammer, Christian & Belitz, Heike & Edler, Dietmar & Engerer, Hella & Geishecker, Ingo & Soete, Bir, 2004. "Innovationsbarrieren und internationale Standortmobilität: Eine Studie im Auftrag der IG BCE, Chemieverbände Rheinland-Pfalz und der BASF Aktiengesellschaft," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 110482.
    2. A. Rusek, 2006. "European Union: challenges and dilemmas," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 52(7), pages 302-310.
    3. Joachim Möller, 2008. "Wage dispersion in Germany and the US: is there compression from below?," International Economics and Economic Policy, Springer, vol. 5(4), pages 345-361, December.
    4. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.

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    More about this item

    Keywords

    Economic growth; labor and human capital; capital accumulation; innovation; export performance; foreign direct investment; sectorial change;
    All these keywords.

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • L0 - Industrial Organization - - General
    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • E0 - Macroeconomics and Monetary Economics - - General
    • F0 - International Economics - - General

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