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Economic Growth in Southeastern Europe and Eastern Mediterranean, 1820-1914

Author

Listed:
  • Sevket Pamuk

    (Ataturk Institute for Modern Turkish History, Bogazici University, Istanbul)

Abstract

This article brings together and analyzes data and other evidence from a variety of sources to provide an overview of the growth record of southeastern Europe and the Middle East from 1820 until the First World War. Average incomes in these two regions increased at long term rates between a half and one percent per year during the nineteenth century. Institutional changes and development of export oriented agriculture are seen as the main reasons for the increases in per capita incomes. However, the income gap between these two regions and the industrializing countries of western Europe and the United States steadily widened until 1914.

Suggested Citation

  • Sevket Pamuk, 2016. "Economic Growth in Southeastern Europe and Eastern Mediterranean, 1820-1914," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 249-264, September.
  • Handle: RePEc:nwe:eajour:y:2016:i:3:p:249-264
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    File URL: http://www.unwe.bg/uploads/Alternatives/1-Pamuk_broi_3_2016_en.pdf
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    Citations

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    Cited by:

    1. Tsvetelina Marinova & Nikolay Nenovsky, 2019. "Cooperative Agricultural Farms in Bulgaria during Communism (1944-1989): an Institutional Reconstruction," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 22(74), pages 40-73, December.
    2. Boško Mijatović & Branko Milanović, 2021. "The real urban wage in an agricultural economy without landless farmers: Serbia, 1862–1910," Economic History Review, Economic History Society, vol. 74(2), pages 424-448, May.
    3. Boško Mijatović & Milan Zavadjil, 2023. "Serbia on the path to modern economic growth," Economic History Review, Economic History Society, vol. 76(1), pages 199-220, February.
    4. Marinova, Tsvetelina & Nenovsky, Nikolay, 2020. "Cooperative Agricultural Farms in Bulgaria (1890 -1989)," MPRA Paper 98155, University Library of Munich, Germany.

    More about this item

    Keywords

    Growth; Southeastern Europe; Eastern Mediterranean;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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