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Education, Research, and Economic Growth

Caspari, Volker ; Rehme, Günther ; Rubart, Jens :
Education, Research, and Economic Growth.
In: Darmstadt Discussion Papers in Economics , 138 . Darmstadt
[Report], (2004)

Kurzbeschreibung (Abstract)

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.

Typ des Eintrags: Report
Erschienen: 2004
Autor(en): Caspari, Volker ; Rehme, Günther ; Rubart, Jens
Titel: Education, Research, and Economic Growth
Sprache: Englisch
Kurzbeschreibung (Abstract):

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.

Reihe: Darmstadt Discussion Papers in Economics
Band: 138
Ort: Darmstadt
Kollation: 22 S. : graph. Darst.
Freie Schlagworte: Human Capital, Research and Development, Efficiency of Educational Systems; Sources of Economic Growth
Fachbereich(e)/-gebiet(e): 01 Fachbereich Rechts- und Wirtschaftswissenschaften
01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Wirtschaftstheorie
01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete
Hinterlegungsdatum: 20 Nov 2008 08:17
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JEL - Classification: O11, O30

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