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The paper analyzes the rapid economic growth of West Germany in the 1950s, arguing that the postwar shock had a more significant impact than previously acknowledged theories of convergence and structural change. It contends that the stability of institutional arrangements, rather than a radical institutional shakeup, facilitated this recovery. The authors emphasize the importance of understanding the magnitude of the postwar shock to explain the differences in growth between Germany and Britain during this

Author

isaacvdberg

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EN