Understanding West German economic growth in the 1950s
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 post-war 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.
|Date of creation:||Dec 2008|
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- Broadberry, S. N. & Crafts, N. F. R., 1992.
"Britain's Productivity Gap in the 1930s: Some Neglected Factors,"
The Journal of Economic History,
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- Temple, Jonathan, 2001. "Structural Change and Europe's Golden Age," CEPR Discussion Papers 2861, C.E.P.R. Discussion Papers. Full references (including those not matched with items on IDEAS)
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