Industrial growth in interwar Egypt: first estimates, new insights

Ulaş Karakoç

European Review of Economic History, 2018, vol. 22, issue 1, 53-72

Abstract: Based on the first estimates of output growth, this article shows that Egyptian industrial output grew at an accelerating rate in the interwar period and the country joined the industrial catch-up club after the Great Depression. What characterized the industrial re-composition was the major shift from export-processing and home-demand oriented sectors to the import competing textiles. That was in turn driven by the combined forces of massive terms of trade shock, tariff protection and stagnant incomes. Crucially, the panel-data analysis of disaggregated growth patterns indicates that the effect of tariff protection on growth was much smaller than usually assumed in the historiography.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ereveh:v:22:y:2018:i:1:p:53-72.

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