In this paper we emphasize the contribution of technical change, broadly defined, towards productivity growth in … explaining the relative East Germany-West Germany performance during the post-World War II era. We argue that previous work was … excessively focused on physical capital investments determining productivity differentials, which consequently led to an …

We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the …

In this paper we emphasize the contribution of technical change, broadly defined, towards productivity growth in … explaining the relative East Germany-West Germany performance during the post-World War II era. We argue that previous work was … excessively focused on physical capital investments determining productivity differentials, which consequently led to an …