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dc.contributor.authorGerling, Katjaen_US
dc.contributor.authorSchmidt, Klaus-Dieteren_US
dc.date.accessioned2011-06-30T15:03:39Z-
dc.date.available2011-06-30T15:03:39Z-
dc.date.issued1997en_US
dc.identifier.urihttp://hdl.handle.net/10419/46866-
dc.description.abstractSeven years after the transition from plan to market, it is hard to summon up much enthusiasm for the results of active restructuring of the eastern German economy. Although companies have made considerable efforts to reach the efficiency level of their western German counterparts, the gap is still large. In our paper, we provide a selective and interpretative account of the restructuring process in eastern German manufacturing. We start with modelling some economic relations which can be considered crucial in the restructuring process: ownership status and overall performance, sectoral and regional specialization, gross output and value added, investment and productivity, and wages and employment. In search of adjustment failures, we examine these relations by comparing the performance of eastern German with that of western German enterprises. Finally, we discuss the key policy question of how to overcome the difficulties. Without an about-face in wage policy, it will be difficult to shift the balance from wage convergence to efficiency convergence.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 825en_US
dc.subject.jelP52en_US
dc.subject.ddc330en_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwSystemtransformationen_US
dc.subject.stwReorganisationen_US
dc.subject.stwStandortwettbewerben_US
dc.subject.stwNeue Bundesländeren_US
dc.titleOn the competitive position of Eastern German manufacturing: Why is catching-up so slow?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn258029064en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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