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German Unification and the 'Market Adoption' Hypothesis

Author

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  • Hall, John
  • Ludwig, Udo

Abstract

'Market adoption' is often blamed for inducing precipitous decline in East Germany's comparatively inefficient economy. Government transfers and private sector investments contributed toward income and investment equalization between the east and west of Germany. But the price East Germany paid for unification was the transfer out of vast portions of the regional stock of wealth: as productive assets, forests, farms, and property; by the outmigration of the technical work force; and by the liquidation of the regional scientific potential, features which may well limit Eastern Germany's recovering historical losses relative to Western Germany. (c) 1995 Academic Press, Ltd. Copyright 1995 by Oxford University Press.

Suggested Citation

  • Hall, John & Ludwig, Udo, 1995. "German Unification and the 'Market Adoption' Hypothesis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(4), pages 491-507, August.
    • Handle: RePEc:oup:cambje:v:19:y:1995:i:4:p:491-507
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    Citations

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    Cited by:

    1. Michael Wyrwich, 2012. "Regional Entrepreneurial Heritage in a Socialist and a Postsocialist Economy," Economic Geography, Clark University, vol. 88(4), pages 423-445, October.
    2. Michael Wyrwich, 2011. "New business formation and regional growth across regions with distinct initial industry structures," ERSA conference papers ersa10p656, European Regional Science Association.
    3. Michael Fritsch & Michael Wyrwich, 2017. "Persistence of Regional Entrepreneurship: Causes, Effects, and Directions for Future Research," Jena Economics Research Papers 2017-003, Friedrich-Schiller-University Jena.
    4. Michael Fritsch & Michael Wyrwich, 2012. "The Long Persistence of Regional Entrepreneurship Culture: Germany 1925–2005," Papers in Evolutionary Economic Geography (PEEG) 1214, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2012.
    5. Robert Brooks & Robert Faff & David Sokulsky, 2005. "The stock market impact of German reunification: international evidence," Applied Financial Economics, Taylor & Francis Journals, vol. 15(1), pages 31-42.
    6. Michael Fritsch & Michael Wyrwich, 2016. "Does persistence in start-up activity reflect persistence in social capital?," Chapters, in: Hans Westlund & Johan P. Larsson (ed.), Handbook of Social Capital and Regional Development, chapter 4, pages 82-107, Edward Elgar Publishing.
    7. Michael Fritsch & Elisabeth Bublitz & Alina Sorgner & Michael Wyrwich, 2014. "How much of a socialist legacy? The re-emergence of entrepreneurship in the East German transformation to a market economy," Small Business Economics, Springer, vol. 43(2), pages 427-446, August.
    8. Michael Fritsch & Michael Wyrwich, 2014. "The Effect of Regional Entrepreneurship Culture on Economic Development - Evidence for Germany," Papers in Evolutionary Economic Geography (PEEG) 1411, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2014.
    9. Michael Fritsch & Alina Rusakova, 2012. "Self-Employment after Socialism: Intergenerational Links, Entrepreneurial Values, and Human Capital," SOEPpapers on Multidisciplinary Panel Data Research 456, DIW Berlin, The German Socio-Economic Panel (SOEP).
    10. Michael Fritsch & Michael Wyrwich, 2012. "The Long Persistence of Regional Entrepreneurship Culture: Germany 1925-2007," ERSA conference papers ersa12p63, European Regional Science Association.
    11. Giebler, Alexander & Wyrwich, Michael, 2018. "The privatisation activities of the Treuhandanstalt and the transformation of the East German corporate landscape data: Data documentation of the IWH-Treuhand-privatisation micro database," IWH Technical Reports 1/2018, Halle Institute for Economic Research (IWH).

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