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Technology and economic performance in the German economy

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  • Siebert, Horst
  • Stolpe, Michael

Abstract

Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech industries of the early twentieth century - automobiles, machinery, electrical engineering, chemicals and pharmaceuticals. Increasingly, however, those institutions are seen as failing to respond to new technological stimuli. In addition, Germany's bank-centered capital and inflexible labor markets have long constrained the opportunities of innovative firms for equity-based growth and the incentives for academic brains to set up in private business. Promising changes in technology policy and capital market conditions can be observed only since the mid-1990s.

Suggested Citation

  • Siebert, Horst & Stolpe, Michael, 2001. "Technology and economic performance in the German economy," Kiel Working Papers 1035, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1035
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    References listed on IDEAS

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    Cited by:

    1. Tilmann Rave & Ursula Triebswetter & Johann Wackerbauer, 2013. "Koordination von Innovations-, Energie- und Umweltpolitik," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 61.
    2. Szalavetz, Andrea, 2004. "Technológiai fejlődés, szakosodás, komplementaritás, szerkezetátalakulás [Technological development, technological complementarity and structural change]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 362-378.
    3. Lan-yue, Zhang & Yao, Li & Jing, Zhang & Bing, Luo & Ji-min, He & Shi-huai, Deng & Xin, Huang & ling, Luo & Fei, Shen & Hong, Xiao & Yan-zong, Zhang & Yuan-wei, Li & Li-lin, Wang & Xue-Ping, Yao & Ya-, 2017. "The relationships among energy consumption, economic output and energy intensity of countries at different stage of development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 258-264.
    4. Andrea Szalavetz, 2005. "Structural change, structural competitiveness," IWE Working Papers 155, Institute for World Economics - Centre for Economic and Regional Studies.
    5. Berthold, Norbert & Fehn, Rainer, 2002. "Struktureller Wandel, new economy und Beschäftigungsentwicklung: welche Rolle spielen die institutionellen Rahmenbedingungen auf dem Kapitalmarkt?," Discussion Paper Series 53, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.

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    More about this item

    Keywords

    economic growth and aggregate productivity; economywide country studies; regulation and industrial policy; technological change;
    All these keywords.

    JEL classification:

    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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