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Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
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http://hdl.handle.net/10419/25311
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| Title: | | Understanding West German economic growth in the 1950s  |
| Authors: | | Eichengreen, Barry Ritschl, Albrecht |
| Issue Date: | | 2008 |
| Series/Report no.: | | SFB 649 discussion paper 2008,068 |
| Abstract: | | 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 postwar 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. |
| Subjects: | | Economic growth productivity Germany |
| JEL: | | N14 N44 O52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
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