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

Author

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  • Louri, Helen
  • Pepelasis Minoglou, Ioanna

Abstract

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.

Suggested Citation

  • Louri, Helen & Pepelasis Minoglou, Ioanna, 2002. "A hesitant evolution: industrialisation and de-industrialisation in Greece over the long run," MPRA Paper 29275, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:29275
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    File URL: https://mpra.ub.uni-muenchen.de/29275/1/MPRA_paper_29275.pdf
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    References listed on IDEAS

    as
    1. Christodoulaki, Olga, 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, February.
    3. Foreman-Peck, James, 1995. "A Model of Later Nineteenth Century European Economic Development," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 13(3), pages 441-471, December.
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    Cited by:

    1. John Bosco Nnyanzi & Susan Kavuma & John Sseruyange & Aisha Nanyiti, 2022. "The manufacturing output effects of infrastructure development, liberalization and governance: evidence from Sub-Saharan Africa," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(2), pages 369-400, June.

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    More about this item

    Keywords

    industrialisation; manuftacturing;

    JEL classification:

    • N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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