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Growth and Macroeconomic Performance in Spain, 1939-93


  • Prados de la Escosura, Leandro


After presenting trends in aggregate performance within a comparative convergence framework, this paper explores institutional and macroeconomic features as the ultimate explanations of Spain's post-war growth performance. The following main phases are distinguished: the autarchy period (1939-59), the years of growth and delayed reconstruction (1959-75), the relative stagnation of the transition from Franco's dictatorship to democracy (1975-85), which ended with Spain's membership of the European Community and gave way to a short period of accelerating growth which ended abruptly with the recession of the early 1990s.

Suggested Citation

  • Prados de la Escosura, Leandro, 1995. "Growth and Macroeconomic Performance in Spain, 1939-93," CEPR Discussion Papers 1104, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1104

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    References listed on IDEAS

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    Cited by:

    1. Prados de la Escosura, Leandro & Rosés, Joan R. & Sanz Villarroya, Isabel, 2010. "Stabilization and growth under dictatorship: the experience of Franco's Spain," IFCS - Working Papers in Economic History.WH wp10-02, Universidad Carlos III de Madrid. Instituto Figuerola.
    2. George Chouliarakis & Mónica Correa-López, 2009. "Catching-up, then falling behind: Comparative productivity growth between Spain and the United Kingdom, 1950-2004," Centre for Growth and Business Cycle Research Discussion Paper Series 131, Economics, The Univeristy of Manchester.
    3. Wendy Carlin, 2010. "Good Institutions are not enough: Ongoing Challenges of East German Development," CESifo Working Paper Series 3204, CESifo Group Munich.
    4. Ester Gomes da Silva, 2011. "Portugal and Spain: catching up and falling behind. A comparative analysis of productivity trends and their causes, 1980-2007," FEP Working Papers 409, Universidade do Porto, Faculdade de Economia do Porto.

    More about this item


    Autarchy; Catch-Up; Economic Growth; Spain; Trade Liberalization;

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe


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