Robert Gordons Hypothese der schwächelnden Innovationen und der Gegenwinde ist ein interessanter Erklärungsansatz für das Phänomen der niedrigen Produktivitäts- und Wirtschaftswachstumsraten in den entwickelten Volkswirtschaften. Die Verlangsamung des Wirtschaftswachstums und der...

In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper analyzes the reasons behind this disconcerting development. A major factor is the turnaround of the labor market that commenced around 2005. The successful...

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper analyzes the reasons behind this disconcerting development. A major factor is the turnaround of the labor market that commenced around 2005. The successful...