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Title:Technology and economic performance in the German economy PDF Logo
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
Kieler Arbeitspapiere, IfW

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