Expectations, Transition Dynamics and International Perspectives
edited by Paul J.J. Welfens.
Berlin, Heidelberg
Springer Berlin Heidelberg
1996
(xv, 527 pages 34 illustrations)
From the contents: Structural and Macroeconomic Changes: The Structural Renewal of Eastern Germany --;Integrating the East German States into the German Economy --;Sectoral Shocks and Structural Adjustment in the East German Transformation Process --;Intergovernmental Fiscal Relations after German Unification --;Macroeconomic Aspects of German Unification --;Transforming a Socialist Economy: Currency Unification, Banking Reform and Capital Markets --;National Challenges: Labor Markets and Social Security Systems Facing Unification: Systemic Challenges in Germany --;Environmental Protection --;Structural Adjustment and Privatization of the East German Economy --;Government Support for Restructuring the East German Economy --;International Perspectives: German Economic Unification and European Integration: Prosperity without Stability?- External Aspects of German Unification: The Polish View --;Economic Reform in the USSR and Prospects for Trade and Economic Relations with Germany --;Global Economic Rivalry: New Perspectives on Germany (the EC), Japan and the United States --;EC Integration and Economic Reforms in CMEA Countries.
Given high West German transfers which represented about 5% of West German GDP and more than 50% of East German GDP the fall of industrial output could have been much stronger than had politically been feasible. 7% in East Germany's GDP it was still about 9 percentage points lower than in western Germany.