Why Germany has such a weak growth performance

Horst Siebert

No 1182, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: 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 human capital formation with the exception of vocational training and an erosion of the export position with a reduced attractiveness for foreign direct investment. The issue is raised whether Germany belongs to a new category of economies, the NDCs, the Newly Declining Countries.

Keywords: Economic growth; labor and human capital; capital accumulation; innovation; export performance; foreign direct investment; sectorial change (search for similar items in EconPapers)
JEL-codes: E0 F0 J0 L0 O0 (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1182

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