EconPapers    
Economics at your fingertips  
 

Growth and economic activity in OECD countries: A long-term perspective

Harm Bandholz, Gebhard Flaig and Johannes Mayr ()

ifo Schnelldienst, 2005, vol. 58, issue 04, 28-36

Abstract: Measured in terms of the growth rate of the real gross domestic product, Germany has had a particularly poor performance in recent years in an international comparison. Whether this reflects an unfavourable business-cycle development or whether this is a long-term growth weakness is examined in this article using a structural time series model. The model presents the contributions of the business cycle and the long-term GDP growth trend for different OECD countries from 1950 to 2004. The results show that the trend growth rate has decreased in all the analysed countries since the 1950s. The drop was especially strong in Germany, however. This means that the disappointing economic performance in Germany is the result of a low, long-term trend growth rate and points to structural problems that have existed in Germany for a long time.

JEL-codes: O10 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
https://www.ifo.de/DocDL/ifosd_2005_4_4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ifosdt:v:58:y:2005:i:04:p:28-36

Access Statistics for this article

ifo Schnelldienst is currently edited by Marga Jennewein

More articles in ifo Schnelldienst from ifo Institute - Leibniz Institute for Economic Research at the University of Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

 
Page updated 2023-11-23
Handle: RePEc:ces:ifosdt:v:58:y:2005:i:04:p:28-36