Selhání experimentální transformace bývalé NDR pohledem soudobých sociálně-ekonomických přístupů k teorii růstu
Failure of Experimental Transition of Former German Democratic Republic from the Perspective of Contemporary Social-Economic Approaches to the Growth

Summary/Abstract: The centrally planned GDR (German Democratic Republic) economy ob-tained a complete institutional framework of a capitalist economy of the FRG at the moment of reunification of Germany in 1990. According to the social-economic approaches to the growth theory based on formal conception of institutions, conditions for a dynamic economic development in East Germany were created. However, our case study shows that the economy of East Germany got stuck in a long-term stagnation. The growth theory of the new institutional economics based on the North’s path dependency concept offers more plausible explanations of the failure of East Germany transition: important causes of the long-lasting decline in productive activities lie in the incompatibility between West Germany formal institutions and East Germany informal institutions. We believe that this approach is the most general approach to the growth theory.

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