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Exports and long-run growth: The case of Spain, 1850-2020

Author

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  • Oscar Bajo-Rubio

Abstract

We analyse in this paper the relationship between international trade and economic growth from the point of view of one of the most traditional hypotheses within this field, namely, the export-led growth hypothesis, for the case of Spain in a long-term perspective of 170 years. Exports seem to have played a positive, though modest, role in promoting economic growth in the Spanish economy over the whole period, mostly due to the higher productivity associated with the export sector. The contribution of exports to growth, however, seems to have been stronger in the final years of the 19th century, unlike the rest of the period, where it proved to be negligible.

Suggested Citation

  • Oscar Bajo-Rubio, 2022. "Exports and long-run growth: The case of Spain, 1850-2020," Journal of Applied Economics, Taylor & Francis Journals, vol. 25(1), pages 1314-1337, December.
    • Handle: RePEc:taf:recsxx:v:25:y:2022:i:1:p:1314-1337
    DOI: 10.1080/15140326.2022.2152562
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    Cited by:

    1. Tang, Chor-Foon & Suksonghong, Karoon, 2025. "The asymmetric effects of medical tourism and information technology on economic growth: evidence from panel quantile regression," The Journal of Economic Asymmetries, Elsevier, vol. 32(C).
    2. Huseyin Guvenoglu, Ahmed Yusuf Sarihan, 2025. "Understanding the Nexus Between Imports, Growth, Export and Foreign Debt Dynamics of an Emerging Market: The Case of Turkiye," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 1095-1118, Desember.
    3. Bajo-Rubio, Oscar & Ramos-Herrera, María del Carmen, 2024. "Does international trade promote economic growth? Europe, 19th and 20th centuries," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 561-575.

    More about this item

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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