@techreport{Klodt1999Industrial,
abstract = {Catching-up of East German productivity to West German levels has
completely faded out sinde the mid 1990s. The remaining productivity gap
cannot be attributed to an inferior capital endowment. Instead, it appears to
be the result of an inappropriate design of industrial policy which fostered
the specialization of East German industry on capital intesive smoke-stack
industries. These industries are absorbing a large share of factor inputs,
whereas their contribution to aggregate output is rather limited. East Germany
will have to face, therefore, another wave of painful structural adjustment
when public subsidies will further be reduced.},
address = {Kiel},
author = {Henning Klodt},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D24; L16; L52; 330},
language = {eng},
number = {943},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Industrial policy and the East German productivity puzzle},
type = {Kiel Working Papers},
url = {http://hdl.handle.net/10419/2305},
year = {1999}
}
