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Title:Cyclical adjustment, capital-labor substitution and total factor productivity convergence - East Germany after unification PDF Logo
Authors:Smolny, Werner
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Convergence and Structural Change D5-V4
Abstract:Despite rapid economic integration and massive help from the Federal Government East German productivity catching up faded out in the nineties. This paper presents panel-data estimates of the productivity adjustment based on a production function framework and a stylized adjustment model of the economy. The central empirical result is a decomposition of the sources of productivity growth. The estimates reveal that a large part of productivity growth in the early nineties is related to factors that were specific for those period. The fading out since the mid-nineties is attributed to the development of total factor productivity.
Subjects:Economics of transition
productivity convergence
JEL:O11
O47
P20
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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