Die Infrastrukturinvestitionen nehmen seit Jahren ab. Insbesondere die Gemeinden haben drastisch weniger investiert, nicht wegen eines geringeren Bedarfs, sondern wegen erheblicher Finanzprobleme in der Vergangenheit. Über den langen Zeitraum sind auch Planungs- und Genehmigungskapazitäten...

It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved...

[Introduction] Germany currently finds itself in a difficult economic situation, one characterised not only by a long period of weak economic growth, but also by developments that, if the necessary adjustment processes are not accomplished, pose a threat to Germany's medium-term growth...