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Disaggregated Productivity Growth and Technological Progress in the interpretation of Spanish Economic Growth, 1958-1975

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  • Mª Teresa Sanchis Llopis

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Abstract

Spanish economic records in terms of GDP growth and convergence to European levels in the sixties, provide an excellent opportunity to look at a central question underlying in the interpretation of any process of economic growth. The relevance of industrial specific technological progress is confronted to a general and multifaceted productivity change coming from a variety of sectors and causes. This paper exploits sectoral growth accounting methodology in two different ways in order to answer this crucial question revisited recently by historiography with reference to British Industrial Revolution and to Information and Telecommunications Technologies. First, we calculate TFP growth following the Kendrick approach (1961) and using four input-output tables corresponding to 1958, 1962, 1970 and 1975 disaggregated at 25 productive branches. And Second, we examine the impact of electricity and electric machinery and equipment as a General Purpose Technology (GPT) in Spanish economic growth.

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Paper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number dilf0503.

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Date of creation: May 2005
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Handle: RePEc:cte:whrepe:dilf0503

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  1. Crafts, Nicholas & Toniolo, Gianni, 1995. "Post-war Growth: An Overview," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1095, C.E.P.R. Discussion Papers.
  2. Nicholas Crafts, 2003. "Steam as a general purpose technology: a growth accounting perspective," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History 22354, London School of Economics and Political Science, Department of Economic History.
  3. Prados de la Escosura Leandro, 2003. "El progreso económico de España (1850-2000)," Books, Fundacion BBVA / BBVA Foundation, Fundacion BBVA / BBVA Foundation, edition 1, number 201136.
  4. Crafts, Nicholas, 2002. "The Solow Productivity Paradox in Historical Perspective," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3142, C.E.P.R. Discussion Papers.
  5. Hulten, Charles R, 1978. "Growth Accounting with Intermediate Inputs," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 45(3), pages 511-18, October.
  6. N. F. R. Crafts & C. K. Harley, 1992. "Output growth and the British industrial revolution: a restatement of the Crafts-Harley view," Economic History Review, Economic History Society, Economic History Society, vol. 45(4), pages 703-730, November.
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