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A hesitant evolution: industrialisation and de-industrialisation in Greece over the long run

Listed author(s):
  • Louri, Helen
  • Pepelasis Minoglou, Ioanna

The paper is an attempt to examine the idiosyncratic unfolding of Greek industrialisation and de-industrialisation from a long-run perspective (1867-1994). Following stylized facts, it is shown that the main shifts in the Greek economy occurred outside industry (from agriculture to services). Also, industrialization was a hesitant process evolving slowly and reaching a plateau in 1950-73. Three structural continuities that accompanied this progress have been a large state sector, the commercial character of Greek entrepreneurship and the incomplete transition from a mercantile/family to corporate capitalism. Also, a rising share of manufacturing in GDP related consistently with increasing per capita income, improving trade performance and ‘trading up’ efforts within manufacturing.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 29275.

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Date of creation: 2002
Publication status: Published in Journal of European Economic Studies 2.31(2002): pp. 321-348
Handle: RePEc:pra:mprapa:29275
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  1. Olga Christodoulaki, 1999. "Industrial growth revisited: manufacturing output in Greece during the interwar period," Economic History Working Papers 22386, London School of Economics and Political Science, Department of Economic History.
  2. Gabriel Tortella, 1994. "Patterns of economic retardation and recovery in south-western Europe in the nineteenth and twentieth centuries," Economic History Review, Economic History Society, vol. 47(1), pages 1-21, 02.
  3. Foreman-Peck, James, 1995. "A Model of Later Nineteenth Century European Economic Development," Revista de Historia Económica, Cambridge University Press, vol. 13(03), pages 441-471, December.
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