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The Treuhandanstalt: An Empirical Stocktaking 30 Years after German Reunification

Author

Listed:
  • Moritz Hennicke
  • Moritz Lubczyk
  • Lukas Mergele

Abstract

Even 30 years after reunification, the Treuhandanstalt’s management and privatization of enterprises owned by the former GDR remains controversial. This article provides the first detailed empirical survey of the privatization process and its economic consequences for the companies concerned. The authors show that although the Treuhandanstalt was more likely to privatize more productive companies, it also sold them more often to West German investors.

Suggested Citation

  • Moritz Hennicke & Moritz Lubczyk & Lukas Mergele, 2020. "The Treuhandanstalt: An Empirical Stocktaking 30 Years after German Reunification," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(09), pages 49-52, September.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:09:p:49-52
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    References listed on IDEAS

    as
    1. Carsten Schröder & Charlotte Bartels & Markus M. Grabka & Martin Kroh & Rainer Siegers, 2018. "A Novel Sampling Strategy for Surveying High-Worth Individuals - An Application Using the Socio-Economic Panel," SOEPpapers on Multidisciplinary Panel Data Research 978, DIW Berlin, The German Socio-Economic Panel (SOEP).
    2. George A. Akerlof & Andrew K. Rose & Janet L. Yellen & Helga Hessenius, 1991. "East Germany in from the Cold: The Economic Aftermath of Currency Union," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 1-106.
    3. Lukas Mergele & Moritz Hennicke & Moritz Lubczyk, 2020. "The Big Sell: Privatizing East Germany's Economy," CESifo Working Paper Series 8566, CESifo.
    4. Schröder, Carsten & Bartels, Charlotte & Grabka, Markus M. & König, Johannes & Kroh, Martin & Siegers, Rainer, 2020. "A Novel Sampling Strategy for Surveying High Net‐Worth Individuals – A Pretest Application Using the Socio‐Economic Panel," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 66(4), pages 825-849.
    5. Saul Estrin & Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2009. "The Effects of Privatization and Ownership in Transition Economies," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 699-728, September.
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    More about this item

    Keywords

    Unternehmen; Nationale Einheit; Privatisierung; DDR;
    All these keywords.

    JEL classification:

    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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