A hesitant evolution: industrialisation and de-industrialisation in Greece over the long run
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.
|Date of creation:||2002|
|Date of revision:|
|Publication status:||Published in Journal of European Economic Studies 2.31(2002): pp. 321-348|
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- 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.
- 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.
- 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.
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