Germany has experienced tremendous growth rates in the aftermath of World War II. Since the early 1970s, growth rates … capital accumulation in Germany severely lags behind the average level of the developed countries. As this may explain the … moderate position of Germany in the group of the 25 richest countries, the developed countries in turn experience a period of …

This paper discusses the reasons for the dismal labor market performance of Germany over the last three decades along …

appropriation model, the estimated values for the long-run elasticities of substitution between capital and labor for Germany and …