west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real …

only 59% of west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real …

The article advances the hypothesis that Germany is unable to increase its gains from trade dispite increasing trading … volumes. High and rigid German wages largely result from the minimum wage constraint imposed by a welfare state that offers … generous replacement incomes. Confronted by low-wage competition from post-communist countries, Germany overspecializes in …