Diekmann, Katharina; Westermann, Frank - 2010
economic growth in 19th century Germany. We apply a structural VAR framework to a new annual data set from 1870 to 1912 that … two-sector growth model. We find that all sectors were affected significantly by shocks from the banking system …, transportation and agriculture. In this regard, the growth patterns in 19th century Germany are reminiscent to those in today …