Arbeitspapier
What kind of shock was it? Regional integration and structural change in Germany after unification
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1306
- Klassifikation
-
Wirtschaft
Geographic Labor Mobility; Immigrant Workers
Socialist Systems and Transitional Economies: Factor and Product Markets; Industry Studies; Population
- Thema
-
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
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burda, Michael C.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Burda, Michael C.
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2007
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