IDEAS home Printed from
   My bibliography  Save this article

Military Expenditure, Spending Capacity and Budget Constraint in Eighteenth-Century Spain and Britain


  • Sánchez, José Jurado


Using new public spending statistics for Spain and other various indicators we show that Spain and Britain suffered larger increases in public expenditure in the periods in which they fought each other and other countries. The British Exchequer spent much more than its Spanish counterpart, especially on the Army and Navy and debt repayment. This situation helps to explain why Britain emerged victorious against Spain in the majority of these wars and was a consequence of the political and institutional changes made in England from 1688 onwards, reducing budget constraint and allowing Britain to mobilise the necessary resources to become the leading world power. In Spain, however, the changes required to eliminate the country's history of bankruptcies and increase its spending capacity were not made.

Suggested Citation

  • Sánchez, José Jurado, 2009. "Military Expenditure, Spending Capacity and Budget Constraint in Eighteenth-Century Spain and Britain," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 27(1), pages 141-174, January.
  • Handle: RePEc:cup:reveco:v:27:y:2009:i:01:p:141-174_00

    Download full text from publisher

    File URL:
    File Function: link to article abstract page
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. O'Brien, Patrick & Duran, Xavier, 2010. "Total factor productivity for the Royal Navy from victory at Texal (1653) to triumph at Trafalgar (1805)," Economic History Working Papers 27886, London School of Economics and Political Science, Department of Economic History.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:reveco:v:27:y:2009:i:01:p:141-174_00. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.