Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17834| Title: | What kind of shock was it? : Regional integration and structural change in Germany after unification |
| Keywords: | J61 P23 F2 ddc:330 German reunification regional integration costs of adjustment capital mobility migration Nationale Einheit Schock Wirtschaftsintegration Wirtschaftliche Anpassung Anpassungskosten Interregionale Kapitalmobilität Binnenwanderung Schätzung Theorie Deutschland Neue Bundesländer |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | Eastern Germany?s recovery from the ?unification shock? has been characterized by deep structural change – with apparent repercussions for the West as well – and an integration process involving both capital deepening (extensive and intensive investment) and labor thinning (net out-migration). I propose a constant-returns neoclassical model of economic integration which can account for these facts. Adjustment costs determine dynamics and steady state regional distribution of production factors. The model also explains persistent wage and capital rate-of-return differentials along the equilibrium path. Under competitive conditions, observed factor price differentials contain information on those adjustment costs. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17834 |
| Other Identifiers: | http://hdl.handle.net/10419/17834 ppn:52429576X |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.