Eichengreen, Barry; Ritschl, Albrecht - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
We evaluate explanations for why Germany grew so quickly in the 1950s. The recent litera- ture has emphasized … 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 …