Seminar paper from the year 2011 in the subject Business economics
- General, grade: 1,7, University of applied sciences, Munich,
course: Economics, language: English, abstract: The wreckage
premium still is a topic of controversial debate. Almost two years
after the completion a lot of data is available. Taking all effects
into consideration the resulting image is multifaceted. All
indicators show that the economical and ecological effects have
been rather low. Positive effects have been temporary and only
parts of the automotive industry took profit from the governmental
support program in the scope of the Konjunkturpaket II. Other
sectors, the used car market and independent workshops had to
suffer from the negative effects of the wreckage premium. Although
scrapping schemes were introduced all over Europe it remains
questionable if the wreckage premium was a help to reduce the
negative impact of the crisis. Maybe on a short-term perspective
there was a positive effect. At the latest at the next tax increase
it is worth considering if selective support programmes with a
doubtful sustainability should increase national debts in the
amount of 5 Billion Euros.
General
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