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Understanding West German economic growth in the 1950s

By Barry Eichengreen and Albrecht Ritschl

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

Topics: HC Economic History and Conditions, DD Germany
Publisher: Springer
Year: 2009
DOI identifier: 10.1007/s11698-008-0035-7
OAI identifier: oai:eprints.lse.ac.uk:28817
Provided by: LSE Research Online
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