The Sources of Long-run Growth in Spain 1850-2000
AbstractBetween 1850 and 2000, Spain’s real income increased by about 40-fold, at an average rate of 2.5 percent. The sources of this long-run growth are investigated using Jorgenson-type growth accounting analysis. We find that growth upsurges are closely related to increases in TFP. Spanish economic growth went through three successive phases. The century before 1950 was characterized by slow growth driven by factor accumulation. TFP improvements pushed up explosive growth during the Golden Age and mitigated the deceleration during the transition to democracy years (1975-86). Since the accession to the European Union Spain has experienced a dramatic productivity slowdown.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 6189.
Date of creation: Mar 2007
Date of revision:
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Other versions of this item:
- Prados de la Escosura, Leandro & Rosés, Joan R., 2009. "The Sources of Long-Run Growth in Spain, 1850-2000," The Journal of Economic History, Cambridge University Press, vol. 69(04), pages 1063-1091, December.
- Leandro Prados de la Escosura & Joan R. Roses, 2007. "The Sources of Long-run Growth in Spain 1850-2000," Working Papers in Economic History wp07-02, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Prados de la Escosura, Leandro & Rosés, Joan R., . "The sources of long-run growth in Spain 1850-2000," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/545, Universidad Carlos III de Madrid.
- Prados de la Escosura, Leandro & Rosés, Joan R., 2009. "The sources of long-run growth in Spain, 1850-2000," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/4701, Universidad Carlos III de Madrid.
- N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
- N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-24 (All new papers)
- NEP-DEV-2007-03-24 (Development)
- NEP-EFF-2007-03-24 (Efficiency & Productivity)
- NEP-HIS-2007-03-24 (Business, Economic & Financial History)
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