E3S Web of Conf.
Volume 222, 2020International Scientific and Practical Conference “Development of the Agro-lndustrial Complex in the Context of Robotization and Digitalization of Production in Russia and Abroad” (DAIC 2020)
|Number of page(s)||6|
|Section||Modern Problems of Interaction Between Man and Nature, Man and Technology, and Social Institutions. Adequate Response of Science and Society to Global Challenges in the Context of Production Intellectualization|
|Published online||22 December 2020|
The effect of institutional differences on the economic development of German-speaking countries
1 Association for methodological assurance of business activity and social development “Mitra”, 241 Pushkinskaya street, Izhevsk, 426008, Russia, firstname.lastname@example.org
2 Udmurt State University, 1 Universitetskaya Street, 426034 Izhevsk, Russia
* Corresponding author: email@example.com
The growth rates and sustainability of economic development of five German-speaking countries: Austria, German Democratic Republic (GDR), Luxembourg, Federal Republic of Germany (FRG) and Switzerland in the period 1947-1990 are investigated. The comparison is carried out for five economic cycles of the united Germany over this period. The indicators of the standard deviation of the growth rates of real GDP and national income are used as a sustainability performance. It is revealed that the GDR’s institutional system showed in a sustained way high growth rates, and after the isolation of West Berlin – favorable risks and firmness of prices. This system may even be regarded as the best institutional model of economic development for the German nation. At the moment of accession into the blocs, the member countries of the military and political bloc obtained benefits of development; during the exacerbation of the military and political situation, Switzerland, which was far from the contact of the blocs, became the winner, and during the detente – border Austria. Countries with smaller economies demonstrated greater institutional mobility.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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