THE START UP OF MODERN INDUSTRY IN ROMANIA – 1886-1914

Victor Axenciuc ()
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Victor Axenciuc: Institute of National Economy

Romanian Journal of Economics, 2008, vol. 26, issue 1(35), 180-194

Abstract: Based on an ample documentation and on novel analysis, the study exceeds the current opinions existing in the literature about the delayed character of mechanisation absorption within Romania’s agricultural economy. Based on statistical data, it deals with the dynamics of a rapid and massive process of introducing mechanization in production and transports due to the contribution of the foreign capitals and of the Romanian state. On this background the change in the old industrial system, based on manual technique and labour into the modern industrial system was triggered - the mechanized industry gaining predominance in just three decades 1886-1914 within the system.

Keywords: industrial revolution; industrial system; mechanized technique; change; industrialisation (search for similar items in EconPapers)
JEL-codes: B1 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:1:y:2008:i:26:p:180-194

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