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Backwardness, Industrialisation and Economic Development in Europe

By: Adarov, Amat.
Contributor(s): Holzner, Mario | Sikic, Luka.
Material type: materialTypeLabelBookSeries: wiiw Balkan Observatory Working Papers: 123Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2016Subject(s): Economic development | economic growth | industrialisation | urbanisationCountries covered: SEEwiiw Research Areas: Macroeconomic Analysis and PolicyClassification: O14 | O18 | O43 | O47 Online resources: Click here to access online Summary: Abstract The present work uses long-term economic development data (1952-2010) as well as a detailed industry-level panel data (1963-2011) to analyse industrialisation patterns in Europe, implications of economic backwardness and the role of European integration in facilitating industrialisation and development. We find evidence of some income convergence in Europe, but mostly in countries that were able to exploit the ‘advantages of (mild) backwardness’. Regions of extensive backwardness such as the Balkans had difficulties to catch up. Membership in the European Union helped especially more backward economies to develop faster.
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Paper WIIW Library 123 (Browse shelf(Opens below)) Available 1000010003913

Abstract

The present work uses long-term economic development data (1952-2010) as well as a detailed industry-level panel data (1963-2011) to analyse industrialisation patterns in Europe, implications of economic backwardness and the role of European integration in facilitating industrialisation and development. We find evidence of some income convergence in Europe, but mostly in countries that were able to exploit the ‘advantages of (mild) backwardness’. Regions of extensive backwardness such as the Balkans had difficulties to catch up. Membership in the European Union helped especially more backward economies to develop faster.

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The Vienna Instiute for International Economic Studies (wiiw)