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Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
Darmstadt Discussion Papers in Economics No. 138
Verlag: 
Technische Universität Darmstadt, Department of Law and Economics, Darmstadt
Zusammenfassung: 
It is obvious that the German economy exhibits a significant decline in economic growth during the last two decades. Although the German economy has still to overcome the burden of the reunification in 1990 it is shown that this burden might be only one reason of this decline. In this study we follow the new growth theory and develop and com-pare indicators for the educational and R&D systems of the U.S. and Germany. In this line, we show that on average the German system can compete with the U.S. one, but a lack of human capital at very high skill levels becomes obvious. This lack, particularly leads to a lower performance of German R&D and could, therefore, possibly explain the decline of the German growth trend.
Schlagwörter: 
Human Capital
Research and Development
Efficiency of Educational Systems
Sources of Economic Growth
JEL: 
O11
O30
Dokumentart: 
Working Paper

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