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The Estado Novo Period After World War II: The Golden Age of Economic Growth

In: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries

Author

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  • Luciano Amaral

    (Nova School of Business and Economics)

Abstract

The period between the end of World War II and 1973 was the best ever in terms of growth of the Portuguese economy. Growth rates had never been higher and would never be in the future again, at least for such a long period. After more than one century of divergence in relation to the richer economies of the world, or at best non-divergence, the Portuguese economy converged in a consistent manner, with a particularly strong pace during the 1960s. This happened despite quick growth in most rich economies as well, as this corresponded to the period that has, since then, received the designation of “golden age of economic growth”.

Suggested Citation

  • Luciano Amaral, 2019. "The Estado Novo Period After World War II: The Golden Age of Economic Growth," Palgrave Studies in Economic History, in: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries, chapter 0, pages 171-224, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-24548-1_5
    DOI: 10.1007/978-3-030-24548-1_5
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    Cited by:

    1. Alexandra L. Cermeño & Nuno Palma & Renato Pistola, 2021. "Stunting and Wasting in a Growing Economy: Biological Living Standards in Portugal during the Twentieth Century," Economics Discussion Paper Series 2110, Economics, The University of Manchester, revised Jun 2023.
    2. Cermeño, Alexandra L. & Palma, Nuno & Pistola, Renato, 2021. "Stunting and wasting in a growing economy:biological living standards in Portugal,1924-1994," CAGE Online Working Paper Series 585, Competitive Advantage in the Global Economy (CAGE).

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