Alexander, Lewis S.; Gagnon, Joseph E. - Federal Reserve Board (Board of Governors of the … - 1990
Germanys. The fundamental assumptions are that East Germany brings relatively more labor than capital to the union than does … West Germany, and that the economic structure of a united Germany is essentially identical to that of pre-unification West … Germany. In all of the simulations economic union leads to an acceleration of growth and investment in Germany, a real …