Economic convergence across German regions in light of empirical findings
质疑Barro和Sala-i-Martin的趋同假说在德国区域的应用,指出新古典假设的虚假性,并发现东德人均收入增长缓慢导致贝塔系数极低,资本流动模式也不符合趋同假说。
This paper challenges the convergence hypothesis advanced by R. Barro and X. Sala-i-Martin as it is applied to explain the forces behind, patterns exhibited by and time line for German regional convergence. Exposed in some detail are the spurious neoclassical and marginalist assumptions, purporting that ‘automatic’ forces would indeed bring about a convergence in per capita incomes between two German regions. A trend exhibiting slow growth in per capita income in Germany's eastern region renders a Beta coefficient so low as to rule out convergence altogether. In addition, capital fails to move between German regions in the pattern assumed by the convergence hypothesis.