De-industrialization in West Germany

Henning Klodt

Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This paper provides a theoretical framework and some empirical information on the shift from industrialization to de-industrialization which typically occurs in the course of economic growth. It is suggested that such a non-monotonic structural change is caused by a diminishing productivity bias and a constant demand bias between the industrial sector and other sectors of the economy. This pattern could be covered by short-term reversals of relative price trends resulting from external shocks. Hence, the recent gains of the industrial sector in West Germany are interpreted as a temporary deviation from the long-term trend of de-industrialization.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkie:1364

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