Kopsidis, Michael and Schulze, Max-Stephan 
ORCID: 0000-0001-7486-5734
(2020)
Economic growth and sectoral developments, 1800-1914.
In: Morys, Matthias, (ed.)
The Economic History of Central, East and South-East Europe: 1800 to the Present.
Routledge, Abingdon, UK.
ISBN 9781138921979
Abstract
This chapter explores the patterns of economic growth, stagnation and structural change in 19th-century Central, East and Southeast Europe. Economic growth in the region was a process characterized by pronounced annual fluctuations in activity and, in some instances, longer phases of expansion alternating with periods of stagnation. The impression of Hungarian and Romanian growth as particularly strong in the given regional context is confirmed, and so is that of a comparatively weak record for Bulgaria and Russia. In Eastern and South-Eastern Europe, an increasingly market-orientated agriculture developed during the period 1830–1914. However, the transition of the agricultural sector to modern, that is productivity-driven, output growth as a key ingredient in substantial structural change required a growing capacity of industry to absorb the emerging agricultural labour surplus. Between 1860 and 1914, no other part of Europe experienced a higher rate of population growth than South-East Europe, where demographic stagnation turned into a sustained expansion.
| Item Type: | Book Section |
|---|---|
| Official URL: | https://www.routledge.com/ |
| Additional Information: | © 2021 selection and editorial matter, the editor; individual chapters, the contributors |
| Divisions: | Economic History |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| JEL classification: | N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N13 - Europe: Pre-1913 |
| Date Deposited: | 22 Jan 2018 10:12 |
| Last Modified: | 11 Dec 2024 17:56 |
| URI: | http://eprints.lse.ac.uk/id/eprint/86491 |
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