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Institut für Weltwirtschaft (IfW), Kiel >
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http://hdl.handle.net/10419/2305
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| Title: | | Industrial policy and the East German productivity puzzle  |
| Authors: | | Klodt, Henning |
| Issue Date: | | 1999 |
| Series/Report no.: | | Kiel Working Papers 943 |
| 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. |
| JEL: | | D24 L16 L52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW Economists Online
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