Education, Research, and Economic Growth

Arbeitspapier

It is obvious that the German economy exhibits a significant decline in economic growth during the last two decades. Although the German economy has still to overcome the burden of the reunification in 1990 it is shown that this burden might be only one reason of this decline. In this study we follow the new growth theory and develop and com-pare indicators for the educational and R&D systems of the U.S. and Germany. In this line, we show that on average the German system can compete with the U.S. one, but a lack of human capital at very high skill levels becomes obvious. This lack, particularly leads to a lower performance of German R&D and could, therefore, possibly explain the decline of the German growth trend.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Darmstadt Discussion Papers in Economics ; No. 138

Classification and Topics

• Classification: Wirtschaft ; Macroeconomic Analyses of Economic Development ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
• Subject: Human Capital ; Research and Development ; Efficiency of Educational Systems ; Sources of Economic Growth ; Wirtschaftswachstum ; Humankapital ; Forschung ; Bildungsökonomik ; Neue Wachstumstheorie ; Vergleich ; Schätzung ; Deutschland ; Vereinigte Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Caspari, Volker ; Rubart, Jens ; Rehme, Günther
• Event: Veröffentlichung
• (who): Technische Universität Darmstadt, Department of Law and Economics
• (where): Darmstadt
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/22521
• Last update: 10.03.2025, 11:45 AM CET