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Regional income dispersion and market potential in the late nineteenth century Hapsburg Empire

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  • Schulze, Max-Stephan

Abstract

This 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.

Suggested Citation

  • Schulze, Max-Stephan, 2007. "Regional income dispersion and market potential in the late nineteenth century Hapsburg Empire," LSE Research Online Documents on Economics 22311, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:22311
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    File URL: http://eprints.lse.ac.uk/22311/
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    References listed on IDEAS

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    1. Antoni Estevadeordal & Brian Frantz & Alan M. Taylor, 2003. "The Rise and Fall of World Trade, 1870–1939," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(2), pages 359-407.
    2. Pammer, Michael, 1997. "Proxy Data and Income Estimates: The Economic Lag of Central and Eastern Europe," The Journal of Economic History, Cambridge University Press, vol. 57(02), pages 448-455, June.
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    5. Schulze, Max-Stephan, 2000. "Patterns of growth and stagnation in the late nineteenth century Habsburg economy," European Review of Economic History, Cambridge University Press, vol. 4(3), pages 311-340, December.
    6. Frank Geary & Tom Stark, 2002. "Examining Ireland"s Post--famine Economic Growth Performance," Economic Journal, Royal Economic Society, vol. 112(482), pages 919-935, October.
    7. Schulze, Max-Stephan, 2000. "Patterns of growth and stagnation in the late nineteenth century Habsburg economy," LSE Research Online Documents on Economics 4370, London School of Economics and Political Science, LSE Library.
    8. Good, David F., 1994. "The Economic Lag of Central and Eastern Europe: Income Estimates for the Habsburg Successor States, 1870–1910," The Journal of Economic History, Cambridge University Press, vol. 54(4), pages 869-891, December.
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