A hesitant evolution: industrialisation and de-industrialisation in Greece over the long run

Helen Louri and Ioanna Pepelasis ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper is an attempt to examine the idiosyncratic unfolding of Greek industrialisation and de-industrialisation from a long-run perspective (1867-1994). Following stylized facts, it is shown that the main shifts in the Greek economy occurred outside industry (from agriculture to services). Also, industrialization was a hesitant process evolving slowly and reaching a plateau in 1950-73. Three structural continuities that accompanied this progress have been a large state sector, the commercial character of Greek entrepreneurship and the incomplete transition from a mercantile/family to corporate capitalism. Also, a rising share of manufacturing in GDP related consistently with increasing per capita income, improving trade performance and ‘trading up’ efforts within manufacturing.

Keywords: industrialisation; manuftacturing (search for similar items in EconPapers)
JEL-codes: N13 N14 N63 N64 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (1)

Published in Journal of European Economic Studies 2.31(2002): pp. 321-348

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:29275

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