Radowski, Daniel; Smolny, Werner; Winker, Peter - 1999
The macroeconomic development in West Germany in the aftermath of unification was characterized by a boom period in … 1990/1991, a deep recession in 1992/1993 and a slow recovery since then. In East Germany, in contrast, unification induced … model is used to assess this development. In particular, estimation results for investment and employment adjustment after …