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Persistent link: https://www.econbiz.de/10008909345
This paper investigates the employment growth of small and medium-sized firms that survived the transformation process of the German Democratic Republic (GDR). We find that firms founded in the later period of the GDR’s existence have especially low growth prospects, even 10 years after German...
Persistent link: https://www.econbiz.de/10009785790
The paper concentrates on the question whether the low level of productivity in East Germany can be explained by … human capital endowments; in fact, the effective stock on human capital in East Germany is lower than in West Germany when … younger cohorts. This impedes a fast convergence in productivity between East and West Germany. …
Persistent link: https://www.econbiz.de/10010260566