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Incentives or obstacles? institutional aspects of the cork business in the Iberian Peninsula (1930–1975)

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  • Branco, Amélia
  • Parejo, Francisco M.

Abstract

The quantitative and comparative analysis of Spanish and Portuguese cork exportations during the 20th century shows that Spain lost its leading position in the world trade of transformed cork while Portugal rose to claim first place. This article takes a step towards identifying the institutional aspects behind the different paths taken by the cork business in the two countries between 1930 and 1975. Starting with a comparative analysis of the legal framework and economic policies which had an impact on the various branches of business during the two Iberian dictatorships, it is argued that Salazar and Franco attributed different degrees of importance to the cork sector. It concludes that these institutional aspects explain a part of the loss of competitiveness of Spanish exports in comparison with Portuguese exports, insofar as they influenced the extent to which the two economies participated in international trade flows as well as production costs in the industry.

Suggested Citation

  • Branco, Amélia & Parejo, Francisco M., 2008. "Incentives or obstacles? institutional aspects of the cork business in the Iberian Peninsula (1930–1975)," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 26(1), pages 17-43, January.
    • Handle: RePEc:cup:reveco:v:26:y:2008:i:01:p:17-43_00
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    Cited by:

    1. Amélia Branco & João Carlos Lopes, 2013. "The Economic Performance of Clustered and Non Clustered Firms along the different Phases of the Cluster Life Cycle: The Portuguese Cork Industry Case," Working Papers Department of Economics 2013/26, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    2. Jorge-Sotelo, Enrique, 2022. "Politicians, bankers and the Great Depression: The Spanish banking crisis of 1931," eabh Papers 22-01, The European Association for Banking and Financial History (EABH).
    3. Francisco Parejo & Amélia Branco & João Carlos Lopes & José Rangel Preciado, 2013. "Regional Integration and Firm Location Choices: A Long Run Approach to the Cork Industry in the Iberian Peninsula," Working Papers Department of Economics 2013/18, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    4. Joao Carlos Lopes & Amélia Branco, 2013. "The Clustering of Cork Firms in Santa Maria da Feira: Why History Matters," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 3(1), pages 354-354.
    5. repec:ise:gheswp:wp532014 is not listed on IDEAS
    6. João Carlos Lopes & Amélia Branco & Francisco Parejo & José Francisco Rangel, 2016. "Determinants of Success and Failure in the Internationalization of the Cork Business: A Tale of Two Iberian Family Firms," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 2, edition 1, pages 417-440, Springer.
    7. Amélia Branco & João Lopes & Francisco Parejo & José Preciado, 2013. "Regional Integration And Business Location: Evidence From The Cork Industry In The Iberian Pensinsula," ERSA conference papers ersa13p419, European Regional Science Association.

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