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An Evaluation on Austria-Hungary’s Industrial Process (Avusturya – Macaristan’ın Endüstrileşme Süreci Üzerine Bir Değerlendirme)

Author

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  • Aslan, Ayda

    (Bursa Uludag University)

Abstract

This study examines the dynamics behind the industrialization of Austria and Hungary, which entered the industrial revolution late. In these countries where there are no prerequisites for industrialization, these conditions are replaced by substitutes. According to the historical findings obtained from the industrial processes of the Habsburg empire, which consists of two independent states in its internal affairs, the substitutional factors and institutions in the industrialization processes of the two countries vary. In this context, the study, on the one hand, tries to explain the industrialization processes of Austria and Hungary between 1850-1913 comparatively, on the other hand, it reveals the heterogeneous structure of the institutions and institutional qualities of the countries that have fulfilled the necessary conditions for the industrialization process under the same empire.

Suggested Citation

  • Aslan, Ayda, 2021. "An Evaluation on Austria-Hungary’s Industrial Process (Avusturya – Macaristan’ın Endüstrileşme Süreci Üzerine Bir Değerlendirme)," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 12(4), pages 813-827, October.
    • Handle: RePEc:ris:buecrj:0574
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    More about this item

    Keywords

    Austria; Hungary; Industrialization; Universal Banks; Government Policies; Institutional Factors;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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