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Regulatory Capture in the First Spanish Nuclear Program (C.1951-1964)

Author

Listed:
  • Josean Garrués-Irurzun

    (University of Granada, Spain)

  • Juan A. Rubio-Mondéjar

    (University of Granada, Spain)

Abstract

The commercial use of nuclear electricity represented an economic opportunity that adopted different national varieties. In Spain, the change from an “autarchic†to a “liberal†model of nuclear management consolidated the old interests of the national electric oligopoly. The objective of this article is to explain this process through a mesoeconomic perspective (inter-institutional dialectic). The main conclusion reached is that, in the face of a general hypothesis that defends the existence of a weak “reciprocal instrumentation†between political and economic interests during the transition from Francoist autarky to developmentalism, the theory of the regulatory capture is more convincing. That is, the capture of the State by the electric companies. Finally, the article should induce reflection regarding the importance that the assumption of past risks by Governments and companies may have in the assumption of current responsibilities (moratorium, dismantling, etc.).

Suggested Citation

  • Josean Garrués-Irurzun & Juan A. Rubio-Mondéjar, 2021. "Regulatory Capture in the First Spanish Nuclear Program (C.1951-1964)," Documentos de Trabajo (DT-AEHE) 2102, Asociación Española de Historia Económica.
  • Handle: RePEc:ahe:dtaehe:2102
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    More about this item

    Keywords

    regulation; nuclear energy; utilities; business history; institutions; Spain;
    All these keywords.

    JEL classification:

    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy

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