Eichengreen, Barry and Ritschl, Albrecht (2008) Understanding West German economic growth in the 1950s. Economic History Working Papers, 113/08, UT ISI:000279352200001. Department of Economic History, London School of Economics and Political Science, London, UK.
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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 post-war 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.
|Item Type:||Monograph (Working Paper)|
|Additional Information:||© 2008 Barry Eichengreen & Albrecht Ritschl|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions
D History General and Old World > DD Germany
|Sets:||Departments > Economic History
Collections > Economists Online
|Identification Number:||113/08, UT ISI:000279352200001|
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