Understanding West German economic growth in the 1950s

Eichengreen, Barry and Ritschl, Albrecht ORCID: 0000-0003-0856-9704 (2009) Understanding West German economic growth in the 1950s. Cliometrica, 3 (3). pp. 191-219. ISSN 1863-2505

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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/
Divisions:	Economic History
Subjects:	H Social Sciences > HC Economic History and Conditions D History General and Old World > DD Germany
JEL classification:	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
Date Deposited:	06 Aug 2010 13:18
Last Modified:	12 Nov 2024 04:33
URI:	http://eprints.lse.ac.uk/id/eprint/28817

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