Development of Transport as a Factor of the Economic Miracle (Wirtschaftswunder) of West Germany

Myszczyszyn Janusz ()
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Myszczyszyn Janusz: West Pomeranian University of Technology in Szczecin, Szczecin

Studia Historiae Oeconomicae, 2021, vol. 39, issue 1, 189-215

Abstract: The post-war economic policy of West Germany (FRG) is largely associated with the so-called economic miracle (German: Wirtschaftswunder) and therefore its causes are the subject of many different analyzes. They include the correlation between the rate of economic growth in Germany and the development and transport potential of transport, including rail and road-car transport. This position prompted the author to try to search for long-term interdependencies and thus verify the thesis using the analysis of time series (1950–1989) available for West Germany and using original econometric methods in this field, e.g. unit root test to determine the stationarity and the Engle-Granger cointegration test. In addition to the introduction, the article consists of three parts and conclusions. The broadest one includes the description of the assumptions and stages of the research procedure and its results, both on the empirical and methodological level. It is based on synthetic theoretical foundations presented on the basis of a review of international literature on the subject and review of the essence of the German economic miracle and the main trends in changes in the field of economic growth and transport development in Germany after World War II. The research presented in this way fits into the principles of the new economic history paradigm, which is still not very popular in Europe.

Keywords: German economic miracle; economic growth and transport development in Germany (1950–1989); the unit root studies; Engle-Granger cointegration test; social market economy; paradigm of the New Economic History (NEH) (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:sthioe:v:39:y:2021:i:1:p:189-215:n:5

DOI: 10.2478/sho-2021-0008

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