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Michael Grömling in World Economics Journal External Publication 18. May 2020 Measuring Modern Business Investment: A Case Study for Germany

An extended concept for intangible investment does not lead to additional investment momentum in the case of Germany. This corresponds to experiences with former extension of investments in national accounts.

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Measuring Modern Business Investment: A Case Study for Germany
Michael Grömling in World Economics Journal External Publication 18. May 2020

Measuring Modern Business Investment: A Case Study for Germany

Artikel in World Economics

German Economic Institute (IW) German Economic Institute (IW)

An extended concept for intangible investment does not lead to additional investment momentum in the case of Germany. This corresponds to experiences with former extension of investments in national accounts.

Also, growth in real GDP and the related labour productivity dynamics are not higher when a broader definition of investment in the form of intangibles is applied. Even if the investment processes are defined beyond the measurement concept for intangibles established by Corrado, Hulten and Sichel, there are no fundamentally different findings for German investment dynamics based on a special company survey. However, these findings should not be misunderstood as suggesting there is no need for action in terms of statistical measurement. Extended concepts and estimates signal for Germany considerable level effects of a more broadly defined investment concept.

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External Publication
Measuring Modern Business Investment: A Case Study for Germany
Michael Grömling in World Economics Journal External Publication 18. May 2020

Michael Grömling: Measuring Modern Business Investment – A Case Study for Germany

Artikel in World Economics

German Economic Institute (IW) German Economic Institute (IW)

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Michael Grömling in Intereconomics External Publication 10. February 2025

The Current Economic Situation in Germany in the Context of Previous Crises

This article places the current economic stagnation in Germany in the context of previous crises since 1991.

IW

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Michael Hüther IW-Policy Paper No. 1 8. January 2025

An agenda for the new legislative period: Competitiveness and transformation

The German business model, based on industry, services, exports, and regional balance, faces significant pressure.

IW

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