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Medium-term outlook for non-residential construction in Germany

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  • Erich Langmantel

Abstract

The drop in non-residential construction investments in the last ten years is the result of the adaptation of the building stock to the decreasing growth in the economy. For a reversal in the investment trend, the average annual growth rates in real GDP will have to increase by 2% annually for the rest of the decade.

Suggested Citation

  • Erich Langmantel, 2003. "Medium-term outlook for non-residential construction in Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(12), pages 10-13, June.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:12:p:10-13
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    File URL: https://www.ifo.de/DocDL/ifosd_2003_12_2.pdf
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    References listed on IDEAS

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    1. Kwiatkowski, Denis & Phillips, Peter C. B. & Schmidt, Peter & Shin, Yongcheol, 1992. "Testing the null hypothesis of stationarity against the alternative of a unit root : How sure are we that economic time series have a unit root?," Journal of Econometrics, Elsevier, vol. 54(1-3), pages 159-178.
    2. Stock, James H & Watson, Mark W, 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems," Econometrica, Econometric Society, vol. 61(4), pages 783-820, July.
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    Cited by:

    1. Erich Langmantel, 2005. "Investments in plant and equipment: eastern German share stagnates," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(11), pages 12-15, June.
    2. Gert G. Wagner, 2003. "Flat-rate premiums the best way to implement a citizens' insurance," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(17), pages 3-6, September.
    3. Erich Langmantel, 2004. "Investments: Catching-up process in east Germany has stopped for the time being," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(07), pages 37-40, April.
    4. Volker Rußig, 2003. "Construction industry in Europe: Increasing production only in the medium term," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(17), pages 15-21, September.

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    More about this item

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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