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The Industrial Development In Poland And Romania In The Last 100 Years. Theory Of Path Dependency

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  • IVANOV LAURENTIU

    (BUCHAREST UNIVERSITY OF ECONOMIC STUDIES)

Abstract

The present economic crisis has highlighted a country in transition to a market economy, which has not experienced economic recession: Poland. The Polish experience cannot be overlooked because the country‘s positive economic evolution was completely different from the evolution of the largest European economies, many of them facing distressful situations for long periods of time. The question to be addressed in this paper is „Could the present economic realities be partially influenced by the historical evolution of a country? “ The theory of path dependency is rooted in economic history, but it has a relevant contribution latest from Paul David (1985) which explains excellent the existing gap of economic development existing between Western Europe and Central and Eastern Europe, highlighted by the GDP / capita over the last 200 years. Regarding this theory, the present paper will highlight the industrial developments in Romania and Poland in relation to developed countries for the period 1918 to present and will conduct a comparative analysis between the two countries. The conclusions of the present study will be a part of my doctoral research.

Suggested Citation

  • Ivanov Laurentiu, 2016. "The Industrial Development In Poland And Romania In The Last 100 Years. Theory Of Path Dependency," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 160-169, April.
    • Handle: RePEc:cbu:jrnlec:y:2016:v:2:p:160-169
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    References listed on IDEAS

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    1. Mariusz Próchniak, 2011. "Determinants of economic growth in Central and Eastern Europe: the global crisis perspective," Post-Communist Economies, Taylor & Francis Journals, vol. 23(4), pages 449-468, May.
    2. Leon Podkaminer, 2013. "Development Patterns of Central and East European Countries (in the course of transition and following EU accession)," wiiw Research Reports 388, The Vienna Institute for International Economic Studies, wiiw.
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