Eichengreen, Barry and Ritschl, Albrecht (2009) Understanding West German economic growth in the 1950s. Cliometrica, 3 (3). pp. 191-219. ISSN 1863-2505
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.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.springerlink.com/content/120412/ |
| Library of Congress subject classification: | H Social Sciences > HC Economic History and Conditions D History General and Old World > DD Germany |
| Journal of Economic Literature Classification System: | N - Economic History > N4 - Government, War, Law, and Regulation > N44 - Europe: 1913- N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N14 - Europe: 1913- O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O52 - Europe |
| Sets: | Departments > Economic History Collections > Economists Online |
| Identification Number: | UT ISI:000279352200001 |
| Date Deposited: | 06 Aug 2010 13:18 |
| URL: | http://eprints.lse.ac.uk/28817/ |
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