Wachstums- und Verschuldungseffekte einer kreditfinanzierten öffentlichen Investitionsoffensive

Öffentliche Investitionen stehen ganz oben auf der wirtschaftspolitischen Agenda in Deutschland. Simulationen mit dem makroökonomischen Mehrländermodell NiGEM zeigen, dass sich ein großes, 460 Mrd. Euro umfassendes, kreditfinanziertes Investitionsprogramm nach spätestens 30 Jahren selbst finanzieren...

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Published in:Wirtschaftsdienst (Hamburg) 2021-09, Vol.101 (9), p.700-705
Main Authors: Dullien, Sebastian, Jürgens, Ekaterina, Paetz, Christoph, Watzka, Sebastian
Format: Article
Language:ger
Subjects:
Analysen und Berichte
Deutschland
Economic Policy
Economics
Economics and Finance
European Integration
Labor Economics
Macroeconomics/Monetary Economics//Financial Economics
Social Policy
Wirtschaftspolitik
Öffentliche Investition
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creator Dullien, Sebastian
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description Öffentliche Investitionen stehen ganz oben auf der wirtschaftspolitischen Agenda in Deutschland. Simulationen mit dem makroökonomischen Mehrländermodell NiGEM zeigen, dass sich ein großes, 460 Mrd. Euro umfassendes, kreditfinanziertes Investitionsprogramm nach spätestens 30 Jahren selbst finanzieren würde. In der Zwischenzeit würden Wirtschaftsleistung und private Investitionstätigkeit deutlich kräftiger ausfallen als ohne solch eine Initiative. Simulations of a deficit-financed public investment programme in Germany amounting to €460 billion over ten years in the macroeconomic model NiGEM show that it will finance itself in 30 years at most, even under conservative model assumptions. In the basic version of the model, GDP is 3 % to 4 % above the baseline in the long run. Additionally, private investment is stimulated and rises by 4 % to 5 % above the baseline. These effects are amplified when an increase in the productivity of the private capital stock due to improved public infrastructure is taken into account.
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subjects Analysen und Berichte
Deutschland
Economic Policy
Economics
Economics and Finance
European Integration
Labor Economics
Macroeconomics/Monetary Economics//Financial Economics
Social Policy
Wirtschaftspolitik
Öffentliche Investition
title Wachstums- und Verschuldungseffekte einer kreditfinanzierten öffentlichen Investitionsoffensive
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