technologies. We show that Germany neither increased its investment into research and education, nor did it embrace ICT technology … problem was brewing in Germany long before unification, namely the danger of being a high wage country specialised in medium …. Germany lost its position as the European leader in research expenditures relative to GDP. For a set of 16 growth drivers, the …

technologies. We show that Germany neither increased its investment into research and education, nor did it embrace ICT technology … problem was brewing in Germany long before unification, namely the danger of being a high wage country specialised in medium …. Germany lost its position as the European leader in research expenditures relative to GDP. For a set of 16 growth drivers, the …

with productivity and tax revenues. Finally, boosting investment into future growth by encouraging research, education and …, monetary policy and macroeconomic cost management. Secondly it is compared to that of policies boosting investment into long … run growth, such as research, education and the diffusion of technology. The main result is that while economic …

with productivity and tax revenues. Finally, boosting investment into future growth by encouraging research, education and …, monetary policy and macroeconomic cost management. Secondly it is compared to that of policies boosting investment into long … run growth, such as research, education and the diffusion of technology. The main result is that while economic …

growth, while investment into research, innovation and new technologies is the sufficient condition. … two other explanations for European underperformance during the nineties: insufficient investment in long run determinants … investment into future growth. Then we exploit performance differences between European countries to assess the relative …

growth, while investment into research, innovation and new technologies is the sufficient condition. … two other explanations for European underperformance during the nineties: insufficient investment in long run determinants … investment into future growth. Then we exploit performance differences between European countries to assess the relative …

growth. We consider the first two strategy elements as preconditions, the investment in growth drivers as the sufficient … future growth such as research, education and the diffusion of new technologies. The top countries surpassed the large … European countries in research outlays in 1988 and are steadily increasing their lead since that time. The top performers are …

strand of research emerged from the realization that for most countries economic development is a highly unstable process … characterize and study such growth transitions. We also update and extend some of our earlier research. Specifically, we use … potentially promising areas for future research …