{"product_id":"economic-aspects-of-german-unification-expectations-transition-dynamics-and-international-perspectives-von-paul-j-j-welfens-hrsg","title":"Economic Aspects of German Unification","description":"Paul J. J. Welfens The editor is pleased to present a second edition of Economic Aspects of German Unification which includes new chapters and several postscripts. Almost five years after unification output in the ex-GDR is back to its 1989 level. Due to a massive intra-German resource transfer consumption per capita in eastern Germany has not fallen as much as output and employment which reduced by one-fifth within three years. 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. Hence structural change necessary for productivity growth was dramatic in the ex-GDR where the goods producing sector (manufacturing, mining, energy and construction) strongly changed its proportions; within four years construction almost doubled, and the share of investment goods production reduced by 10 percentage points between 1990 and 1994 and is· now down to 21. 1 %. Mining lost two-thirds of its share in the producing sector which itself was reduced relative to GDP. The share of the services industry increased by 5 percentage points between 1991 and 1994, but with a share of 27. 7% in East Germany's GDP it was still about 9 percentage points lower than in western Germany. By contrast, government accounted for 20. 9% of GDP in eastern Germany, but for only 13. 2% in western Germany.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783642799747\"\u003e\u003ch3\u003eExpectations, Transition Dynamics and International Perspectives\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783642799747","offer_id":39431281573981,"sku":"9783642799747","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/7c7afe1c-b1a2-48d1-af01-757ebd955a55.jpg?v=1759813558","url":"https:\/\/shop.autorenwelt.de\/products\/economic-aspects-of-german-unification-expectations-transition-dynamics-and-international-perspectives-von-paul-j-j-welfens-hrsg","provider":"Autorenwelt Shop","version":"1.0","type":"link"}