Full Description
The book evaluates the importance of constitutional rules and property rights for the German economy in 1990-2015. It is an economic historical study embedded in institutional economics with main references to positive constitutional economics and the property rights theory. This interdisciplinary work adopts a theoretical-empirical dimension and a qualitative-quantitative approach. Formal institutions played a fundamental role in Germany's post-reunification economic changes. They set the legal and institutional framework for the transition process of Eastern Germany and the unification, integration and convergence between the two parts of the country. Although the latter process was not completed, the effects of these formal rules were positive, especially for the former GDR.
Contents
1. Category of institution in selected disciplines
2. Opening balance. Two German economies towards reunification
3. Constitutional rules in the GDR and the FRG. Implementation of West German solutions
4. Relationship of the FRG Constitution to the German economy
5. The institution of property rights. Property regulations in the GDR and implementation of West German solutions
6. Regulations of property rights in Germany after reunification and their relationship to the economy
