From Socialist Showcase to Mezzogiorno ? Lessons on the Role of Technical Change from East Germany ’ s Post-World War II Growth Performance

@inproceedings{Keller1997FromSS,
  title={From Socialist Showcase to Mezzogiorno ? Lessons on the Role of Technical Change from East Germany ’ s Post-World War II Growth Performance},
  author={Wolfgang Keller},
  year={1997}
}
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. It is argued that previous work was excessively focused on physical capital investments determining productivity differentials, which consequently led to an overestimation of the East German performance during the Socialist era, and an overly pessimistic assessment of the East German… CONTINUE READING