The bombing of Germany: The economic geography of war-induced dislocation in West German industryVonyó, T., Feb-2012, In : European Review of Economic History. 16, 1, p. 97-118 22 p.
Research output: Contribution to journal › Article › Academic › peer-review
This paper reveals the impact of wartime destruction in urban housing on regional economic growth in West Germany between 1939 and 1950. I demonstrate econometrically that the German economy remained severely dislocated as long as the urban housing stock had not been rebuilt. The recovery of urban industry was constrained by a war-induced labour shortage and, therefore, industrial capacities remained underutilized. In contrast, the growth of the rural economy was facilitated by labour expansion, which depressed industrial labour productivity. I apply instrumental variables to account for endogeneity and robust regressions to adjust for the impact of outliers.
|Number of pages||22|
|Journal||European Review of Economic History|
|Publication status||Published - Feb-2012|
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