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Verzehrt Deutschland seinen staatlichen Kapitalstock?
[Does Germany Consume Its Public Capital Stock?]


  • Michael Grömling

    (Institut der deutschen Wirtschaft Köln)

  • Michael Hüther

    (Institut der deutschen Wirtschaft Köln)

  • Markos Jung

    (Institut der deutschen Wirtschaft Köln)


Zusammenfassung Eine moderne öffentliche Infrastruktur ist die Grundlage einer leistungsfähigen Volkswirtschaft. Immer wieder ist in diesem Kontext von einer öffentlichen Investitionsschwäche die Rede. Mitunter wird angesichts negativer Nettoinvestitionen oder eines stagnierenden öffentlichen Nettoanlagevermögens sogar attestiert, Deutschland verzehre seinen staatlichen Kapitalstock. Zur Beurteilung der gesamtwirtschaftlichen Produktionswirkung sind jedoch das Nettoanlagevermögen und die Nettoinvestitionen keine geeigneten Indikatoren. Auf Basis des Bruttoanlagevermögens kann das pauschale Urteil, Deutschland verzehre seinen staatlichen Kapitalstock, verworfen werden.

Suggested Citation

  • Michael Grömling & Michael Hüther & Markos Jung, 2019. "Verzehrt Deutschland seinen staatlichen Kapitalstock? [Does Germany Consume Its Public Capital Stock?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 99(1), pages 25-31, January.
  • Handle: RePEc:spr:wirtsc:v:99:y:2019:i:1:d:10.1007_s10273-019-2390-3
    DOI: 10.1007/s10273-019-2390-3

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    Cited by:

    1. Christofzik, Désirée I. & Yeter, Mustafa & Feld, Lars P., 2019. "Öffentliche Investitionen: Wie viel ist zu wenig?," Working Papers 01/2019, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    2. Hüther, Michael, 2019. "10 Jahre Schuldenbremse: Ein Konzept mit Zukunft?," IW policy papers 3/2019, Institut der deutschen Wirtschaft (IW) / German Economic Institute.

    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures


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