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Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth. Fearing that this declining impact would undermine...
Persistent link: https://www.econbiz.de/10011816466
In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is contrasted with the post-World War II period. This latter...
Persistent link: https://www.econbiz.de/10012498055
entrepreneurship, and contrast this with the post-World War II period. This latter period, although it contained the German economic … to weaknesses, and (iv) entrepreneurship is stagnating. Implications for policy are noted. Our paper contributes to the …
Persistent link: https://www.econbiz.de/10013426456