Market access and the arrow of time
We revisit the natural experiments of division and unification of Germany now that more time has passed and more data have become available. We show that local market access shocks are not symmetric in time. The negative shock to local market access following the division of Germany lead to a fast a...
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| Main Authors: | , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Munich, Germany
CESifo
February 2023
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| Series: | CESifo working papers
10279 (2023) |
| In: |
CESifo working papers (10279 (2023))
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| Subjects: | |
| Online Access: | Verlag, kostenfrei: https://www.cesifo.org/DocDL/cesifo1_wp10279.pdf Verlag, kostenfrei: https://www.cesifo.org/en/publications/2023/working-paper/market-access-and-arrow-time Resolving-System, kostenfrei: https://hdl.handle.net/10419/271923 
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| Author Notes: | Marius Klein, Ferdinand Rauch |
| Summary: | We revisit the natural experiments of division and unification of Germany now that more time has passed and more data have become available. We show that local market access shocks are not symmetric in time. The negative shock to local market access following the division of Germany lead to a fast and strong downward adjustment of the size of West-German cities near the new border. In contrast, the positive shock of reunification did not lead to any change in their relative size, even three decades after the German reunification. |
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| Physical Description: | Online Resource |