Kiel Working Papers, Kiel Institute for World Economics
No 1182:
Why Germany Has Such a Weak Growth Performance
Horst Siebert
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, enterprise sector, sectorial change.; (follow links to similar papers)
JEL-Codes: E0,; F0,; J0,; L0,; O0; (follow links to similar papers)
47 pages, September 2003
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