Lithuanian economy, 1919-1940: stagnant but resilient. The first inter-war GDP time-series estimates and their implications

Direct Link:
Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Lithuanian economy, 1919-1940: stagnant but resilient. The first inter-war GDP time-series estimates and their implications
Alternative Title:
Lietuvos ekonomika 1919-1940 m.: stagnuojanti, bet atspari. Pirmieji tarpukario BVP eilutės duomenys ir jų reikšmė
In the Journal:
Scandinavian economic history review. 2023, September, p. 1-29
Summary / Abstract:

LTStraipsnyje pateikiami pirmieji Lietuvos BVP laiko eilutės duomenys visiems tarpukario nepriklausomybės metams. Rezultatai atskleidžia, jog Lietuvos ekonomika iki sovietinės okupacijos augo lėtai, panašiu į kitų jaunų agrarinių valstybių, kaip Lenkija ar Estija, tempu. Nors tarpukario Lietuva priklausė Europos ekonominiam paribiui, ji sėkmingai atlaikė Didžiosios depresijos krizę. Tai rodo šalies atsparumą tarptautiniams sukrėtimams. Straipsnyje pateikiami tarpukario Lietuvos duomenų rinkiniai yra ir pagrindas tolesnei diskusijai apie ilgalaikius Baltijos šalių ir Centrinės Europos ekonominius skirtumus. [Iš leidinio]

ENThis paper presents thefirst attempt to estimate the GDP time series for inter-war Lithuania, tracking the country’s annual performance from 1919 until its incorporation into the USSR in 1940, and situating Lithuania within the wider East-Central European economic landscape. The research provides robust evidence that, contrary to prior beliefs, Lithuania was a stagnant economy, resembling other newly established agricultural states such as Estonia and Poland in terms of its GDP growth rate. By 1940, Lithuania remained on the economic periphery of Europe, yet it demonstrated significant resilience during the Great Depression, with no contraction in its GDP per capita between 1929 and 1938. This paper helps fill one of the remaining gaps in Europe’s historical national accounts, making it an essential resource for analysing the divergent growth patterns in East-Central Europe. Keywords: Lithuanian GDP; inter-war; Baltic states; Eastern Europe. [From the publication]

DOI:
10.1080/03585522.2023.2259909
ISSN:
0358-5522; 1750-2837
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https://www.lituanistika.lt/content/107224
Updated:
2024-04-16 19:33:50
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