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Spain's Historical National Accounts: Expenditure and Output, 1850-2015

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  • Prados de la Escosura, Leandro

Abstract

This essay offers a new set of historical GDP estimates from the demand and supply sides that revises and expands those in Prados de la Escosura (2003) and provides the basis to investigate Spain’s long run economic growth. It presents a reconstruction of production and expenditure series for the century prior to the introduction of modern national accounts. Then, it splices available national accounts sets over the period 1958-2015 through interpolation, as an alternative to conventional retropolation. The resulting national accounts series are linked to the ‘pre-statistical era’ estimates providing yearly series for GDP and its components since 1850. On the basis of new population estimates, GDP per head is derived. Trends in GDP per head are, then, drawn and, using new employment estimates, decomposed into labour productivity and the amount of work per person, and placed into international perspective.

Suggested Citation

  • Prados de la Escosura, Leandro, 2016. "Spain's Historical National Accounts: Expenditure and Output, 1850-2015," IFCS - Working Papers in Economic History.WH 23644, Universidad Carlos III de Madrid. Instituto Figuerola.
    • Handle: RePEc:cte:whrepe:23644
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    1. El crecimiento económico español a largo plazo: ¿Qué muestra la contabilidad nacional histórica?
      by admin in Nada Es Gratis on 2017-01-04 12:07:30

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    Cited by:

    1. Miguel Artola Blanco & Luis Estévez Bauluz & Clara Martinez-Toledano, 2018. "Wealth in Spain, 1900-2014: A Country of Two Lands," World Inequality Lab Working Papers hal-02878216, HAL.
    2. Albers, Thilo Nils Hendrik, 2018. "The prelude and global impact of the Great Depression: Evidence from a new macroeconomic dataset," Explorations in Economic History, Elsevier, vol. 70(C), pages 150-163.

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    More about this item

    Keywords

    GDP;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913

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