Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/151042
Authors: 
Erber, Georg
Fritsche, Ulrich
Year of Publication: 
2009
Citation: 
[Journal:] Weekly Report [ISSN:] 1860-3343 [Year:] 2009 [Volume:] 5 [Issue:] 3 [Pages:] 19-25
Abstract: 
By international comparison the productivity development of the overall economy in Germany has taken a serious hit after the reunification boom. Since then Germany has fallen behind not only in comparison to the USA and emerging-market nations like South Korea, but also in comparison to other EU countries. However, the economic upswing in 2006 led to a temporary increase in hourly productivity of labor per employed person. Can this increase be interpreted as a return to a higher trend growth? Econometric tests indicate that it probably primarily concerns a cyclically induced increase. Thus the decline of the medium-term growth rate came at best to a standstill. If the productivity growth should improve on a sustained basis, then a growth-orientated economic policy is required.
Subjects: 
Productivity growth
Time series
decomposition
Business cycle
Long-term trend
JEL: 
C22
C32
E23
E24
E30
E37
Document Type: 
Article

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