Weimar Economic Decline, Nazi Economic Recovery, and the Stabilization of Political Dictatorship

Arthur van Riel and Arthur Schram

The Journal of Economic History, 1993, vol. 53, issue 1, 71-105

Abstract: A politicoeconomic model of the relationship between economic and structural variables and government popularity is developed and applied to the Weimar Republic. We obtained data from decentralized election results in the 1924 to 1933 period, using a weighted panel estimation method. Parameter estimates show a strong relationship between the development of economic variables and the decline in electoral support that confronted every government in this period. We link this finding to existing historiographie theories and extrapolate from it to estimate the effects of the economic recovery in the first years of the Nazi regime.

Date: 1993
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