Regional income dispersion and market potential in the late nineteenth century Hapsburg Empire
AbstractThis paper presents new regional GDP estimates for the Habsburg Monarchy and constructs measures of market potential for its 22 major regions. The paper argues that regional income differentials were significantly larger, that intra-empire catching-up of poor with rich regions was far more limited and that the empire’s Eastern regions were much further behind Western Europe than suggested in the historiography. The measurement of regional market potential proves strongly sensitive to the composition of foreign economies considered in the computations and the choice of regional ‘nodes’. Further, though being ‘remote’ imposed some penalty, there was no uniform relationship between changes in regions’ relative GDP position and their market potential.
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Bibliographic InfoPaper provided by London School of Economics and Political Science, Department of Economic History in its series Economic History Working Papers with number 22311.
Length: 30 pages
Date of creation: Nov 2007
Date of revision:
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Postal: LSE, Dept. of Economic History Houghton Street London, WC2A 2AE, U.K.
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Find related papers by JEL classification:
- N0 - Economic History - - General
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
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