Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27652 
Year of Publication: 
2008
Series/Report no.: 
Discussion Paper Series 1 No. 2008,28
Publisher: 
Deutsche Bundesbank, Frankfurt a. M.
Abstract: 
After the German reunification, interregional subsidies accounted for approximately four percent of gross fixed capital investment in the new federal states. We show that between 1992 and 2005 infrastructure and (small) business aid had a negative net impact on regional economic growth. This suggests that regional redistribution was ineffective, potentially due to a lack of spatial concentration to create growth poles.
Subjects: 
Regional growth
redistribution
infrastructure
investment subsidies
JEL: 
R11
R58
R42
Document Type: 
Working Paper

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