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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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Effects of Public Investment on Companies in Germany – Results of the IW Business Survey
Hubertus Bardt / Michael Grömling IW-Trends No. 2 16. June 2023

Effects of Public Investment on Companies in Germany – Results of the IW Business Survey

Weak public investment activity in Germany has contributed to the low productivity growth of the last decades. Even maintaining the contribution to growth of state-owned capital stock at the already low level of the 1990s would have required an additional ...

IW

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Hubertus Bardt / Michael Grömling in Advances in Resilient and Sustainable Transport External Publication 30. March 2023

Supply Chains, Cost and Investments in Times of Multiple Crises

The Russian invasion of Ukraine has significantly clouded the economic outlook in Germany and worsened the investment climate. The investment gap created in the wake of the Covid pandemic will not be closed for the time being.

IW

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