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The Sources of Long-run Growth in Spain 1850-2000

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  • Leandro Prados de la Escosura

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  • Joan R. Roses

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Abstract

Between 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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Paper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp07-02.

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Date of creation: Jan 2007
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Handle: RePEc:cte:whrepe:wp07-02

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  1. Paul A. David, 2005. "Two Centuries of American Macroeconomic Growth From Exploitation of Resource Abundance to Knowledge-Driven Development," Macroeconomics 0502021, EconWPA.
  2. Matilde Mas & Javier Quesada, 2005. "ICT and Economic Growth: A Quantification of Productivity Growth in Spain 1985-2002," OECD Statistics Working Papers 2005/4, OECD Publishing.
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Cited by:
  1. Juan Carmona Pidal & Markus Lampe & Joan Ramón Rosés, 2012. "Housing Markets during the Rural-Urban Transition: Evidence from early 20th Century Spain," Working Papers 0030, European Historical Economics Society (EHES).
  2. Bajo-Rubio, Oscar, 2012. "The balance-of-payments constraint on economic growth in a long-term perspective: Spain, 1850–2000," Explorations in Economic History, Elsevier, vol. 49(1), pages 105-117.
  3. Correa-López Mónica & de Blas Beatriz, 2012. "International Transmission of Medium-Term Technology Cycles: Evidence from Spain as a Recipient Country," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-52, November.
  4. Esteve, Vicente & Tamarit, Cecilio, 2012. "Is there an environmental Kuznets curve for Spain? Fresh evidence from old data," Economic Modelling, Elsevier, vol. 29(6), pages 2696-2703.
  5. Carlos Alvarez Nogal & Leandro Prado de la Escosura, 2007. "Searching for the roots of retardation : Spain in European perspective, 1500-1850," Working Papers in Economic History wp07-06, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  6. Antonio Cubel & Vicente Esteve & Juan Sanchis & María Teresa Sanchis, 2011. "Innovación y crecimiento de la productividad en España durante la segunda mitad del siglo XX," Working Papers 1118, Department of Applied Economics II, Universidad de Valencia.
  7. Crafts, Nicholas, 2010. "The Contribution of New Technology to Economic Growth: Lessons from Economic History," CAGE Online Working Paper Series 01, Competitive Advantage in the Global Economy (CAGE).
  8. Daniel Tirado & Marc Badia-Miró, 2012. "Economic integration and regional inequality in Iberia (1900-2000) : a geographical approach," Working Papers in Economic History wp12-03, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  9. Carlos Álvarez Nogal & Leandro Prados de la Escosura, 2011. "The rise and fall of Spain (1270-1850)," Working Papers in Economic History wp11-02, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  10. Juan Carmona Pidal & Markus Lampe & Joan R. Roses, 2011. "Spanish housing markets during the first phase of the rural-urban transition process," Working Papers in Economic History wp11-08, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  11. Joan R. Rosés & Daniel A. Tirado & Julio Martínez-Galarraga, 2010. "The long-term patterns of regional income inequality in Spain (1860-2000)," Working Papers in Economic History wp10-08, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  12. Altug, Sumru G. & Filiztekin, Alpay & Pamuk, Sevket, 2007. "The Sources of Long-term Economic Growth for Turkey, 1880-2005," CEPR Discussion Papers 6463, C.E.P.R. Discussion Papers.
  13. de la Escosura, Leandro Prados & Rosés, Joan R. & Villarroya, Isabel Sanz, 2010. "Stabilization and Growth under Dictatorship: The Experience of Franco's Spain," CEPR Discussion Papers 7731, C.E.P.R. Discussion Papers.
  14. Vicente Esteve & Cecilio Tamarit, 2011. "Cointegration with multiple structural breaks: an application to the Spanish environmental Kuznets curve, 1857-2007," Working Papers 1114, Department of Applied Economics II, Universidad de Valencia.

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