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Education, Research, and Economic Growth

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

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.

Item Type: Report
Erschienen: 2004
Creators: Caspari, Volker and Rehme, Günther and Rubart, Jens
Title: Education, Research, and Economic Growth
Language: English
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.

Series Name: Darmstadt Discussion Papers in Economics
Volume: 138
Place of Publication: Darmstadt
Collation: 22 S. : graph. Darst.
Uncontrolled Keywords: Human Capital, Research and Development, Efficiency of Educational Systems; Sources of Economic Growth
Divisions: 01 Law and Economics
01 Law and Economics > Volkswirtschaftliche Fachgebiete
01 Law and Economics > Volkswirtschaftliche Fachgebiete > Economic Theory
Date Deposited: 20 Nov 2008 08:17
Additional Information:

JEL - Classification: O11, O30

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