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Sources of the German Productivity Demise: Tracing the Effects of Industry-Level Information and Communication Technology Investment

机译：德国生产力消亡的根源：追踪行业水平的信息和通信技术投资的影响

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摘要

While the United States experienced two successive labor productivity surges in 1995 and 2000, Germany's productivity declined dramatically during the same period. We examine the sources of Germany's productivity demise using the ifo industry growth accounting database that provides detailed industry-level investment information. While much attention has focused on the reduction in German labor hours, our data show that information and communication technology (ICT) investment in Germany was deeply lacking in the mid-1990s as compared with the United States. The transition to the new economy mitigated the German productivity slowdown, but did not reverse it. After 2000, we find that a recovery in Non-ICT investment was offset by a widespread collapse in German total factor productivity. Over half of the German industries (accounting for almost 50 per cent of German output) experienced negative total factor productivity growth. This second major difference between the United States and German industry performance explains Germany's secular departure from the technological frontier.
机译：美国在1995年和2000年经历了两次连续的劳动生产率激增，而同期德国的生产率却急剧下降。我们使用提供详细的行业级投资信息的ifo行业增长核算数据库检查了德国生产力消亡的来源。尽管人们将更多的注意力集中在减少德国工时上，但我们的数据表明，与美国相比，1990年代中期德国对信息和通信技术（ICT）的投资严重不足。向新经济的过渡缓解了德国生产率的下降，但并没有扭转它。 2000年之后，我们发现非信息通信技术投资的复苏被德国全要素生产率的普遍下降所抵消。德国一半以上的工业（占德国总产量的近50％）经历了全要素生产率的负增长。美国和德国工业绩效之间的第二个主要差异是德国长期以来偏离技术前沿的原因。

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