November 2, 2011

Seminar

The Economic Impact of Social Ties: Evidence from German Reunification
Leibniz Seminar für Arbeitsmarktforschung (BeNA)

Date

November 2, 2011
6.30 - 8.00 pm

Location

Humboldt Universität Berlin
Raum 21b
Spandauer Str. 1
10178 Berlin

Speakers

Konrad B. Burchardi (IIES Stockholm), joint with Tarek Alexander Hassan

Abstract: We use the fall of the Berlin Wall in 1989 to show that personal relationships which individuals maintain for non-economic reasons can be an important determinant of regional economic growth. We show that West German households who have social ties to East Germany in 1989 experience a persistent rise in their personal incomes after the fall of the Berlin Wall. Moreover, the presence of these households significantly affects economic performance at the regional level: it increases the returns to entrepreneurial activity, the share of households who become entrepreneurs, and the likelihood that firms based within a given West German region invest in East Germany.

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