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Gerschenkron revisited. European patterns of development in historical perspective

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  • Prados de la Escosura, Leandro

Abstract

Europe provides a suitable scenario for testing regularities of growth since its countries share to a large extent institutions, policies, and resource endowments. Patterns of development, that associate structural change to variations in GDP per head and population, are constructed for Europe in the nineteenth and the twentieth centuries along the lines of Chenery and Syrquin (1975) pathbreaking work. Thus, it is possible to discern whether a common set of development processes is observable for the whole continent and whether countries which had a late start exhibited, as posited by Gerschenkron (1962), a differential behaviour in terms of accumulation, resource allocation, and demographic transition. The results tend to confirm the different nature of latecomers' development.

Suggested Citation

  • Prados de la Escosura, Leandro, 2005. "Gerschenkron revisited. European patterns of development in historical perspective," IFCS - Working Papers in Economic History.WH wh057910, Universidad Carlos III de Madrid. Instituto Figuerola.
    • Handle: RePEc:cte:whrepe:wh057910
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    2. Theo C.M.J. van de Klundert, 2013. "Capitalism and Democracy," Books, Edward Elgar Publishing, number 15248.

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