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Weak Investment and the Tertiarisation of Germany’s Economic Structure

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  • Thomas Strobel

Abstract

The decline in gross investment rates is often used to assess the decline in investment activity in Germany. From an economic point of view, however, net fixed capital investment, or fixed capital investment adjusted for depreciation, is a more relevant measure. If net fixed capital investment is considered instead of gross investment, an even poorer picture of development trends in investment in physical capital emerges in Germany.

Suggested Citation

  • Thomas Strobel, 2015. "Weak Investment and the Tertiarisation of Germany’s Economic Structure," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(01), pages 43-49, January.
  • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:01:p:43-49
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    References listed on IDEAS

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    Cited by:

    1. Florian Dorn & Stefanie Gäbler & Björn Kauder & Manuela Krause & Luisa Lorenz & Martin Mosler & Niklas Potrafke & Luisa Dörr, 2018. "The budget composition of the government in Germany," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 95.
    2. Wolfgang Nierhaus & Timo Wollmershäuser, 2016. "ifo Konjunkturumfragen und Konjunkturanalyse: Band II," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72.
    3. Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Truger, Achim & Wieland, Volker, 2019. "Den Strukturwandel meistern. Jahresgutachten 2019/20 [Dealing with Structural Change. Annual Report 2019/20]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201920.
    4. Isabel Hanisch & Elisabeth Wieland & Timo Wollmershäuser, 2015. "The Development of German Investment Activity in a European Comparison – the Role of Price and Volume Effects," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(16), pages 39-50, August.

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    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

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