Barry Eichengreen () (Department of Economics, University of California, Berkeley, CA, USA) Albrecht Ritschl (Department of Economic History, London School of Economics, London, UK)
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We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences were more important than neoclassical convergence and structural change in explaining the rapid growth of the West German economy in the 1950s. We find little support for the hypothesis of institutional shakeup. This suggests a different interpretation of post-World War II German economic growth than features in much of the literature.
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Volume (Year): 3 (2009) Issue (Month): 3 (October) Pages: 191-219 Download reference. The following formats are available: HTML
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