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2006-12-21Buch DOI: 10.18452/4017
What kind of shock was it?
dc.contributor.authorBurda, Michael C.
dc.date.accessioned2017-06-15T23:20:15Z
dc.date.available2017-06-15T23:20:15Z
dc.date.created2007-01-03
dc.date.issued2006-12-21
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4669
dc.description.abstractEastern 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.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectMigrationeng
dc.subjectRegional Integrationeng
dc.subjectCosts of Adjustmenteng
dc.subjectCapital Mobilityeng
dc.subject.ddc330 Wirtschaft
dc.titleWhat kind of shock was it?
dc.typebook
dc.subtitleRegional Integration and Structural Change in Germany after Unification
dc.identifier.urnurn:nbn:de:kobv:11-10072233
dc.identifier.doihttp://dx.doi.org/10.18452/4017
dc.subject.dnb17 Wirtschaft
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages29
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2006
local.edoc.container-issue87
local.edoc.container-year2006
local.edoc.container-erstkatid2195055-6

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