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dc.contributor.authorApostolides, Alexander
dc.date.accessioned2013-07-30T03:09:29Z
dc.date.available2013-07-30T03:09:29Z
dc.date.issued2013-06
dc.identifier.citationApostolides, A., 2013. Copper and foreign investment: the development of the mining industry in Cyprus during the Great Depression. In M. Tsianikas, N. Maadad, G. Couvalis, and M. Palaktsoglou (eds.) "Greek Research in Australia: Proceedings of the Biennial International Conference of Greek Studies, Flinders University June 2011", Flinders University Department of Language Studies - Modern Greek: Adelaide, 107-127.en
dc.identifier.isbn978-000000000
dc.identifier.urihttp://hdl.handle.net/2328/26861
dc.description.abstractThis paper evaluates the impact of the rapid growth of mining on the Cypriot economy during the period 1921–1938, with special focus on the expansion of copper sulphate mining. During this period the industry was transformed by companies such as the Cyprus Mining Corporation (CMC) and this affected the whole economy and society. The island was for the first time inundated with substantial foreign direct investment, which encouraged technological adaptation and altered labour relations; as such there has been a debate on how beneficial was mining for the economy at that time. Using substantial primary data we estimated output (GDP share), employment and productivity estimates for the mining industry, as well as profit estimates for the foreign mining firms through the use of a counterfactual. The data allows us to argue that mining was very beneficial in increasing labour productivity and earning foreign exchange, but also highlights that the economic and social benefits for the economy were less than those suggested by the colonial authorities due to mass exports of profits.en
dc.language.isoen
dc.publisherFlinders University Department of Language Studies - Modern Greeken
dc.rightsAll rights reserved. Subject to the copyright act of 1968, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form, or by any means electronic, mechanical, photocopying or recording or otherwise, without the prior permission of the copyright owner.en
dc.subjectGreek researchen
dc.subjectGreeceen
dc.subjectAustraliaen
dc.titleCopper and foreign investment: the development of the mining industry in Cyprus during the Great Depressionen
dc.typeArticleen
dc.rights.holderFlinders University Department of Language Studies - Adelaide 2013en


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