Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3046
Authors: 
Siebert, Horst
Year of Publication: 
2003
Series/Report no.: 
Kiel Working Paper 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
JEL: 
J0
L0
O0
E0
F0
Document Type: 
Working Paper

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