How Similar to South-Eastern Europe were the Islands of Cyprus and Malta in terms of Agricultural Output and Credit? Evidence during the Interwar Period

Apostolides, Alexander

How Similar to South-Eastern Europe were the Islands of Cyprus and Malta in terms of Agricultural Output and Credit? Evidence during the Interwar Period

No 80, Working Papers from Bank of Greece

Abstract: The islands of Cyprus and Malta have been considered as similar economically to other South-Eastern European states, despite the lack of historical evidence to prove it. The paper uses recently complied primary sector output estimates for the interwar period (1921 – 1938) to evaluate that the economic structure of the islands was different from each other, as well as from other South-Eastern European states. The agricultural sector of the islands failed to keep up with the other states due to growth constraints. Due to the lack of a healthy system, rural credit was particularly problematic as it prevented a shift to products for which the islands held a comparative advantage.

Keywords: Cyprus; Malta; Depression; Rural credit; Historical national accounts; Southeastern Europe. (search for similar items in EconPapers)
JEL-codes: N14 N34 N54 O13 E01 E23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-his
Date: 2008-07
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Working Paper: How Similar to South-Eastern Europe were the Islands of Cyprus and Malta in terms of Agricultural Output and Credit? Evidence during the Interwar Period (2008)
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