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Title:Why Germany has such a weak growth performance PDF Logo
Authors:Siebert, Horst
Issue Date:2003
Series/Report no.:Kieler Arbeitspapiere 1182
Abstract:Germany has had an extremely low growth performance since 1995. The paper looks at the long-run reasons for this loss of economic dynamics besides German unification: These include leaving labor idle, a declining share of investment in GDP, a weaker innovative activity, an ineffective system for human capital formation with the exception of vocational training and an erosion of the export position with a reduced attractiveness for foreign direct investment. The issue is raised whether Germany belongs to a new category of economies, the NDCs, the Newly Declining Countries.
Subjects:Economic growth , labor and human capital , capital accumulation , innovation , export performance , foreign direct investment , sectorial change
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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