American Military Interests and Economic Confidence in Spain under the Franco Dictatorship
AbstractThe security of property rights is fragile under dictatorships. This is particularly so if economic agents are uncertain as to whether the regime will last. As a result, private investment is withheld and economic performance is poor. Spain was in such a situation after World War II. However, as the Cold War intensified the United States became interested in Spain as a military ally, thereby helping to consolidate Franco s regime. This led to an increase in economic confidence and helps to explain why economic growth resumed in Spain ahead of significant changes in its autarkic economic policies.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal The Journal of Economic History.
Volume (Year): 67 (2007)
Issue (Month): 03 (September)
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- Leandro Prados de la Escosura & Joan R. Rosés & Isabel Sanz Villarroya, 2011.
"Economic Reforms and Growth in Franco’s Spain,"
Working Papers in Economic History
wp11-07, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Leandro Prados de la Escosura & Joan R. Roses, 2008. "Long-run Estimates of Physical Capital in Spain, 1850-2000," Working Papers in Economic History wp08-07, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
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