Schulze, Max-Stephan 
ORCID: 0000-0001-7486-5734
(2007)
Origins of catch-up failure: comparative productivity growth in the Habsburg Empire, 1870-1910.
European Review of Economic History, 11 (2).
189 - 218.
ISSN 1361-4916
Abstract
This article examines patterns of structural change and labour productivity growth in the late nineteenth-century Habsburg Empire. Using shift-share analysis and a set of basic measures to account for the contribution of physical and human capital growth, it seeks to address three questions. First, what was the role of labour productivity growth in per capita income growth? Second, to what extent can structural change account for the comparatively slow growth of the Habsburg economy in general, and Austria's, in particular? Third, how important were physical and human capital stock growth in aggregate labour productivity growth in Austria-Hungary as compared to Germany? The article argues that, in contrast to the Hungarian experience, the size and performance of the agricultural sector imposed a severe burden on Austrian aggregate growth. Further, the evidence points to a significantly smaller contribution of TFP growth to aggregate and industrial labour productivity growth in Austria and Hungary than in Germany. A proximate cause for the TFP growth differential may be found in far smaller positive externalities derived from lower initial human capital endowments in the Habsburg lands.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2007 Cambridge University Press |
| Divisions: | Economic History |
| Subjects: | H Social Sciences > HC Economic History and Conditions D History General and Old World > DD Germany |
| JEL classification: | N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N13 - Europe: Pre-1913 |
| Date Deposited: | 24 Oct 2024 13:21 |
| Last Modified: | 12 Dec 2024 04:32 |
| URI: | http://eprints.lse.ac.uk/id/eprint/125874 |
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