| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1035
|
| DP1035 The Role of Government Aid to Firms during the Transition to a Market Economy: Russia 1992-94 |
| Jacques MELITZ; Claire Waysand
|
| 发表日期 | 1994-09-30
|
| 出版年 | 1994
|
| 语种 | 英语
|
| 摘要 | This paper assembles and reviews data on growth performance for East Germany. Conclusions are only tentative, as data reliability is still poor. Examining factor growth and total factor productivity performance, the paper arrives at three main conclusions. First, large-scale dismantling of capital by the Soviets was outweighed by migration, such that the aggregate capital-labour ratio in East Germany around 1950 was similar to that of West Germany. Second, the record of productivity growth follows the common pattern for Western countries. The productivity slowdown set in with a delay, however, as foreign borrowing and subsidized oil imports isolated East Germany from the first oil shock. Third, when these subsidies ended and debt service mounted, East Germany ran into a debt crisis, with productivity growth becoming zero or even negative in the 1980s. |
| 关键词 | Autarky
Comparative productivity
East germany
Economic transition
Socialist planning
|
| URL | https://cepr.org/publications/dp1035
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530169
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推荐引用方式
GB/T 7714 |
Jacques MELITZ,Claire Waysand. DP1035 The Role of Government Aid to Firms during the Transition to a Market Economy: Russia 1992-94. 1994.
|
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