Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/225298
Authors: 
Jannsen, Nils
Year of Publication: 
2019
Citation: 
[Journal:] Zeitschrift für Wirtschaftspolitik [ISSN:] 2366-0317 [Volume:] 68 [Issue:] 1 [Pages:] 6-26
Abstract: 
Productivity growth in many advanced economies has decelerated in the last decades. There is increasing evidence that the misallocation of production function has contributed to the weakness in productivity. Factors behind this misallocation could include low interest rates or credit booms. In this paper, I evaluate the most recent findings on the impact of misallocation of production factors on productivity and assess their role for the weakness in productivity growth in Germany. Overall, the misallocation of production factors seem to have been less important in Germany than in other advanced economies. Behind the backdrop of the low interest environment has been in place for an extended period of time, the risks that productivity growth is damped due to the misallocation of production factors is increasing.
Subjects: 
Produktivität
Fehlallokation
Produktionsfaktoren
Finanzkrisen
Productivity
misallocation
production factors
financial crises
JEL: 
D24
E44
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0
Document Type: 
Article
Document Version: 
Published Version

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