Portugal's Growth Paradox, 1870-1950
AbstractFrom 1870 to 1913, the Portuguese economy expanded slowly and diverged from the European core. Contrarily, in the interwar period, Portugal achieved higher growth and partially caught-up to the levels of productivity of Western Europe. Higher growth in Portugal after World War I occurred in a framework of protection, increasing state intervention, and capital deepening. Agriculture responded more positively than manufacturing, revealing important changes in its structure which favored output with higher levels of factor productivity. Portugal’s pattern of growth across 1870-1950 was not unique within the European periphery, but it contrasted with Latin America’s experience.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 135.
Length: 29 pages
Date of creation: Dec 2003
Date of revision:
economic growth; European periphery; state intervention; protectionism.;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-07-26 (All new papers)
- NEP-DEV-2004-07-26 (Development)
- NEP-HIS-2004-07-26 (Business, Economic & Financial History)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jakob B. Madsen, 2001. "Trade Barriers and the Collapse of World Trade During the Great Depression," Southern Economic Journal, Southern Economic Association, vol. 67(4), pages 848-868, April.
- Eichengreen, Barry, 1991.
"The Origins and Nature of the Great Slump, Revisited,"
Department of Economics, Working Paper Series
qt55s856nv, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Barry Eichengreen., 1991. "The Origins and Nature of the Great Slump, Revisited," Economics Working Papers 91-156, University of California at Berkeley.
- Costa-Gomes, Miguel & Tavares, Jos, 1999. "Democracy and business cycles: Evidence from portuguese economic history," European Review of Economic History, Cambridge University Press, vol. 3(03), pages 295-321, December.
- O'Rourke, Kevin H, 1997. "Tariffs and Growth in the Late Nineteenth Century," CEPR Discussion Papers 1700, C.E.P.R. Discussion Papers.
- Alan M. Taylor & Jeffrey G. Williamson, 1994.
"Convergence in the Age of Mass Migration,"
NBER Working Papers
4711, National Bureau of Economic Research, Inc.
- Fabrizio Perri & Vincenzo Quadrini, 2002.
"The Great Depression in Italy: Trade Restrictions and Real Wage Rigidities,"
Review of Economic Dynamics,
Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 128-151, January.
- Fabrizio Perri & Vincenzo Quadrini, 2002. "Data Appendix to The Great Depression in Italy: Trade Restrictions and Real Wage Rigidities," Technical Appendices perri02, Review of Economic Dynamics.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Feinstein, Charles H. & Temin, Peter & Toniolo, Gianni, 1997. "The European Economy Between the Wars," OUP Catalogue, Oxford University Press, number 9780198774815.
- Crafts, N F R, 1984. "Patterns of Development in Nineteenth Century Europe," Oxford Economic Papers, Oxford University Press, vol. 36(3), pages 438-58, November.
- Taylor, Alan M., 1992. "External Dependence, Demographic Burdens, and Argentine Economic Decline After the Belle Époque," The Journal of Economic History, Cambridge University Press, vol. 52(04), pages 907-936, December.
- Taylor, Alan M., 1998. "On the Costs of Inward-Looking Development: Price Distortions, Growth, and Divergence in Latin America," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 1-28, March.
- Molinas, Cesar & de la Escosura, Leandro Prados, 1989.
"Was Spain different? Spanish historical backwardness revisited,"
Explorations in Economic History,
Elsevier, vol. 26(4), pages 385-402, October.
- Prados de la Escosura, Leandro & Molinas, César, . "Was Spain different? : Spanish historical backwardness revisited," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/4787, Universidad Carlos III de Madrid.
- Vamvakidis, Athanasios, 2002. " How Robust Is the Growth-Openness Connection? Historical Evidence," Journal of Economic Growth, Springer, vol. 7(1), pages 57-80, March.
- repec:hal:wpaper:halshs-00586795 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.