摘要:Investments are an important driver of economic
growth and productivity. In turn both macroeconomic
variables are essential to obtain a sustainable level
of prosperity. In Germany, investment patterns have
not been constant over time. Structural changes in
sectoral investment patterns can be noticed in the
years since the reunification in 1991. In the course of
these changes the importance of some sectors for
aggregate output growth has shifted. Thus, for example,
there was a shift in the importance of the secondary
and tertiary sector, but also of individual sectors
within the manufacturing sector (German
Federal Statistical Office 2012). Besides inter-sectoral
changes in investment activity, intra-sectoral changes
occurred as well. As of the 1970s leasing in particular,
as well as other types of renting, rapidly gained
importance in the financing of investment equipment
in the former German Federal Republic (Gersten -
berger et al. 1984