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In the paper, the sources of productivity growth are investigated by an empirical analysis with micro data for West-German manufacturing firms. The theoretical framework corresponds to an augmented growth accounting approach based on a production function. The empirical results reveal that...
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Facing very modest GDP growth in Germany in 2001 and 2002, it is investigated if potential output will – as usually expected – grow by 1.5 to 2.0 percent until 2005. The incentives to work and to invest and their changes in the nineties are analyzed. Given the foreseeable changes of these...
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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...
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finanzieller Instabilität führt. Die Entwicklung in Deutschland zeichnet sich hingegen durch eine übertriebene Auslandsorientierung …
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