Backwardness, Industrialisation and Economic Development in Europe

Amat Adarov, Mario Holzner and Luka Sikic

No 123, wiiw Balkan Observatory Working Papers from The Vienna Institute for International Economic Studies, wiiw

Abstract: Abstract The present work uses long-term economic development data (1952-2010) as well as a detailed industry-level panel data (1963-2011) to analyse industrialisation patterns in Europe, implications of economic backwardness and the role of European integration in facilitating industrialisation and development. We find evidence of some income convergence in Europe, but mostly in countries that were able to exploit the ‘advantages of (mild) backwardness’. Regions of extensive backwardness such as the Balkans had difficulties to catch up. Membership in the European Union helped especially more backward economies to develop faster.

Keywords: Economic development; economic growth; industrialisation; urbanisation (search for similar items in EconPapers)
JEL-codes: O14 O18 O43 O47 (search for similar items in EconPapers)
Date: 2016-06
New Economics Papers: this item is included in nep-gro and nep-his
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Published as wiiw Balkan Observatory Working Paper

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