文章基本信息

标题：Productivity Growth in Germany: No Sustainable Economic Recovery in Sight.
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作者：Georg Erber, Ulrich Fritsche
期刊名称：Weekly Report / Deutsches Institut fuer Wirtschaftsforschung
印刷版ISSN：1860-3343
出版年度：2009
卷号：2009
页码：19-25
出版社：Deutsches Institut für Wirtschaftsforschung, Berlin
摘要：By international comparison the productivity development of the overall economy in Germany has taken a serious hit after the reunification boom. Since then Germany has fallen behind not only in comparison to the USA and emerging-market nations like South Korea, but also in comparison to other EU countries. However, the economic upswing in 2006 led to a temporary increase in hourly productivity of labor per employed person. Can this increase be interpreted as a return to a higher trend growth? Econometric tests indicate that it probably primarily concerns a cyclically induced increase. Thus the decline of the medium-term growth rate came at best to a standstill. If the productivity growth should improve on a sustained basis, then a growth-orientated economic policy is required.
关键词：Productivity growth, Time series, decomposition, Business cycle, Long-term trend