Artikel

After the crisis: German R&D-intensive industries in a good position

The strong reliance of the German economy on the industry sector has been a point of criticism for years now. Germany is too strongly focused on export, making it susceptible to crises and fluctuations in demand and exchange rates, the critics allege. A non-critical look at the numbers during the recent economic crisis seems to reaffirm these old concerns: Industrial productivity shrank significantly and exports collapsed. Taking a closer look, however, it is clear that R&D-intensive industries passed their trial by fire during the crisis. The joint strategy of companies, unions and politicians managed to keep employment figures mostly stable during the global slump in demand and thus helped these industries to be well prepared for the upswing with a broad portfolio consisting of vehicle manufacturing, machine building, and electronic, measurement and medical technology. Looking specifically at the emerging markets, these industries did better than just defend their leading positions; they expanded market shares during the crisis. This can be seen in the international comparison of the latest data on value added, productivity and bilateral trade, conducted by DIW Berlin. The results: The R&D-intensive industries in Germany have already returned to their long-run growth path and are in a favorable position for the future.

Language
Englisch

Bibliographic citation
Journal: DIW Economic Bulletin ; ISSN: 2192-7219 ; Volume: 1 ; Year: 2011 ; Issue: 2 ; Pages: 3-4 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)

Classification
Wirtschaft
Empirical Studies of Trade
Industrialization; Manufacturing and Service Industries; Choice of Technology
Comparative Studies of Countries
Subject
industrial specialization
international trade
manufacturing industries

Event
Geistige Schöpfung
(who)
Belitz, Heike
Clemens, Marius
Gornig, Martin
Mölders, Florian
Schiersch, Alexander
Schumacher, Dieter
Event
Veröffentlichung
(who)
Deutsches Institut für Wirtschaftsforschung (DIW)
(where)
Berlin
(when)
2011

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Belitz, Heike
  • Clemens, Marius
  • Gornig, Martin
  • Mölders, Florian
  • Schiersch, Alexander
  • Schumacher, Dieter
  • Deutsches Institut für Wirtschaftsforschung (DIW)

Time of origin

  • 2011

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