EconPapers    
Economics at your fingertips  
 

Hat die Fehlallokation von Produktionsfaktoren zur Produktivitätsschwäche in Deutschland beigetragen?

Nils Jannsen

Zeitschrift für Wirtschaftspolitik, 2019, vol. 68, issue 1, 6-26

Abstract: Productivity growth in many advanced economies has decelerated in the last decades. There is increasing evidence that the misallocation of production function has contributed to the weakness in productivity. Factors behind this misallocation could include low interest rates or credit booms. In this paper, I evaluate the most recent findings on the impact of misallocation of production factors on productivity and assess their role for the weakness in productivity growth in Germany. Overall, the misallocation of production factors seem to have been less important in Germany than in other advanced economies. Behind the backdrop of the low interest environment has been in place for an extended period of time, the risks that productivity growth is damped due to the misallocation of production factors is increasing.

Keywords: Productivity; misallocation; production factors; financial crises; Produktivität; Fehlallokation; Produktionsfaktoren; Finanzkrisen (search for similar items in EconPapers)
JEL-codes: D24 E44 O47 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.degruyter.com/view/j/zfwp.2019.68.issu ... -2001.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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:lus:zwipol:v:68:y:2019:i:1:p:6-26:n:1

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/zfwp

Access Statistics for this article

Zeitschrift für Wirtschaftspolitik is currently edited by Juergen B. Donges, Steffen J. Roth, Achim Wambach and Christian Watrin

More articles in Zeitschrift für Wirtschaftspolitik from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2020-02-16
Handle: RePEc:lus:zwipol:v:68:y:2019:i:1:p:6-26:n:1