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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/2570
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| Title: | | Technology and economic performance in the German economy  |
| Authors: | | Siebert, Horst Stolpe, Michael |
| Issue Date: | | 2001 |
| Series/Report no.: | | Kiel Working Papers 1035 |
| Abstract: | | Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech industries of the early twentieth century - automobiles, machinery, electrical engineering, chemicals and pharmaceuticals. Increasingly, however, those institutions are seen as failing to respond to new technological stimuli. In addition, Germany's bank-centered capital and inflexible labor markets have long constrained the opportunities of innovative firms for equity-based growth and the incentives for academic brains to set up in private business. Promising changes in technology policy and capital market conditions can be observed only since the mid-1990s. |
| Subjects: | | technological change economic growth and aggregate productivity economywide country studies regulation and industrial policy |
| JEL: | | L5 O4 O5 O3 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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| kap1035.pdf | | 145.29 kB | Adobe PDF |
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