COVID-19 and the growth potential.

Autor/in	Grömling, Michael
Institution	Institut der Deutschen Wirtschaft Köln
Titel	COVID-19 and the growth potential. Gefälligkeitsübersetzung: COVID-19 und das Wachstumspotenzial.
Quelle	Köln (2020), 12 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	IW-Report. 2020,53
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Bildung; Unsicherheit; Verhaltensänderung; Akzeptanz; Pandemie; Technologische Entwicklung; Industriestaat; Staatstätigkeit; Stabilitätspolitik; Arbeitsteilung; Globalisierung; Industriepolitik; Investition; Protektionismus; Strukturwandel; Wirtschaft; Wirtschaftswachstum; Internationalität; Auswirkung; Entwicklungspotenzial; Krisenmanagement; Produktionspotenzial; Technik
Abstract	"The lasting economic impact of the COVID-19 pandemic will become apparent in the develop-ment of the macroeconomic factors of production - labour, capital, human capital as well as the stock of technical knowledge. Changes in behaviour such as a greater acceptance of technology can strengthen potential output permanently. By contrast, negative effects may arise from growing protectionist attitudes or long-lasting uncertainties and 'scarring effects'. In any case, the crisis has induced a technology push. This may be intensified if digitisation gains additional support from investments in infrastructure or if the pandemic heralds a renaissance in the nat-ural sciences - with a corresponding impact on human capital and physical capital as well as on technical knowledge. For the time being, it is unclear what the effects of restructuring and sec-ular structural change will be on potential output. However, dangers are lurking in the acceler-ation of geopolitical tensions, a misunderstanding of technological sovereignty and increasing government interventions, which as a whole could hamper innovation and investment." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2021/2