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The decline of Spain (1500 1850): conjectural estimates

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Author Info
LVAREZ-NOGAL, CARLOS
PRADOS DE LA ESCOSURA, LEANDRO

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Abstract

This article attempts to quantify the decline of Spain over the period 1500 1850. In contrast to earlier estimates that focus almost exclusively on Castilian agriculture, we look at trends in urbanisation and construct new measures of agricultural and aggregate output at both regional and national levels. A distinctive long-run behaviour is found across Spanish regions that rejects the identification between Castile and Spain. Per capita income grew in the sixteenth and early nineteenth centuries, while contraction and stagnation occurred in the seventeenth and eighteenth centuries. In the long run, output per head did not improve until the early nineteenth century. At the time of its imperial expansion Spain was a relatively affluent nation and, by 1590, was only behind the Low Countries and Italy in terms of per capita income. Spain s decline has its roots in the seventeenth century while its backwardness deepened in the first half of the nineteenth century.

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File URL: http://journals.cambridge.org/abstract_S1361491607002043
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Publisher Info
Article provided by Cambridge University Press in its journal European Review of Economic History.

Volume (Year): 11 (2007)
Issue (Month): 03 (December)
Pages: 319-366
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Handle: RePEc:cup:ereveh:v:11:y:2007:i:03:p:319-366_00

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  1. Drelichman, Mauricio & Voth, Hans-Joachim, 2009. "Lending to the Borrower from Hell: Debt and Default in the Age of Philip II, 1556-1598," CEPR Discussion Papers 7276, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  2. Guillaume Daudin & Kevin H. O’Rourke & Leandro Prados de la Escosura, 2008. "Trade and Empire, 1700-1870," Documents de Travail de l'OFCE 2008-24, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
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This page was last updated on 2009-11-17.

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