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How Similar to South-Eastern Europe were the Islands of Cyprus and Malta in terms of Agricultural Output and Credit? Evidence during the Interwar Period

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  • Alexander Apostolides

    ()
    (London School of Economics and Political Science)

Abstract

The islands of Cyprus and Malta have been considered as similar economically to other South-Eastern European states, despite the lack of historical evidence to prove it. The paper uses recently complied primary sector output estimates for the interwar period (1921 – 1938) to evaluate that the economic structure of the islands was different from each other, as well as from other South-Eastern European states. The agricultural sector of the islands failed to keep up with the other states due to growth constraints. Due to the lack of a healthy system, rural credit was particularly problematic as it prevented a shift to products for which the islands held a comparative advantage.

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File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper200880.pdf
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Bibliographic Info

Paper provided by Bank of Greece in its series Working Papers with number 80.

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Length: pages 26
Date of creation: Jul 2008
Date of revision:
Handle: RePEc:bog:wpaper:80

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Web page: http://www.bankofgreece.gr
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Keywords: Cyprus; Malta; Depression; Rural credit; Historical national accounts; Southeastern Europe.;

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  1. N. Papanikolaou & M. Delis & S. Brissimis, 2008. "Exploring the nexus between banking sector reform and performance: Evidence from newly acceded EU countries," DEOS Working Papers 0917, Athens University of Economics and Business.
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  16. Zarko Lazarevic, 2008. "Banking Performance in South-Eastern Europe During the Interwar Period," Working Papers 79, Bank of Greece.
  17. Hiona Balfoussia, 2008. "An Affine Factor Model of the Greek Term Structure," Working Papers 72, Bank of Greece.
  18. Peter Bernholz, 2008. "Government Bankruptcy of Balkan Nations and their Consequences for Money and Inflation before 1914: A Comparative Analysis," Working Papers 74, Bank of Greece.
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Cited by:
  1. Spruk, Rok, 2012. "After 20 years of status quo: the failure of gradualism in Slovenia’s post-socialist transition," MPRA Paper 36268, University Library of Munich, Germany.
  2. Spruk, Rok, 2012. "After 20 Years of Status Quo: The Failure of Gradualism in Slovenia’s Post-Socialist Transition," MPRA Paper 36304, University Library of Munich, Germany.
  3. Roumen Avramov & Dragana Gnjatovic, 2008. "Stabilization Policies in Bulgaria and Yugoslavia During Communism's Terminal Years : 1980s Economic Visions in Retrospect," Working Papers 81, Bank of Greece.
  4. Dimitrios Sideris, 2011. "Optimum currency areas, structural changes and the endogeneity of the OCA criteria: evidence from six new EU member states," Applied Financial Economics, Taylor & Francis Journals, vol. 21(4), pages 195-206.
  5. Alexander, Apostolides, 2009. "Economic growth or stagnation during the interwar Period: reconstruction of Cypriot GDP 1921-1938," MPRA Paper 17051, University Library of Munich, Germany.
  6. Milan Sojic & Ljiljana Djurdjevic, 2008. "Monetary Policy Objectives and Istruments used by the Privileged National Bank of the Kingdom of Serbia (1884 - 1914)," Working Papers 87, Bank of Greece.
  7. Yuksel Gormez, 2008. "Banking in Turkey: History and Evolution," Working Papers 83, Bank of Greece.
  8. Sophia Lazaretou, 2008. "Banking and Central Banking in Pre-WWII Grecce: Money and Currency Developments," Working Papers 86, Bank of Greece.

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