Economic growth is a key issue in economic research and a primary concern in economic policy making. After World War II, Western economies experienced historically high rates of economic growth. However, following the first oil crisis in 1973, a period of stagflation set in and in the 1980s,...

This paper analyzes the evolution of geographical concentration in the West German manufacturing, service, and knowledge-intensive sectors over a time period of 30 years. Drawing on detailed plant data of 187 industries from 1980 to 2010, we observe substantial concentration that is highest in...