Abstract
In its January 2019 issue, Wirtschaftsdienst published an essay by Michael Grömling, Michael Hüther and Markos Jung on how the actual size of the public capital stock should be measured. The authors state that the focus should be on the development of gross capital stock. Sebastian Dullien and Katja Rietzler argue that, while the net public capital stock probably understates the productively available capital stock, the gross figures overestimate it. No matter how one looks at it, Germany has seen a significant public sector underinvestment in the recent past. The authors explain their point of view in their response.
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