The Sources of Long-run Growth in Spain 1850-2000
Between 1850 and 2000, Spain’s real income increased by about 40-fold, at an average rate of 2.5 percent. The sources of this long-run growth are investigated using Jorgenson-type growth accounting analysis. We find that growth upsurges are closely related to increases in TFP. Spanish economic growth went through three successive phases. The century before 1950 was characterized by slow growth driven by factor accumulation. TFP improvements pushed up explosive growth during the Golden Age and mitigated the deceleration during the transition to democracy years (1975-86). Since the accession to the European Union Spain has experienced a dramatic productivity slowdown.
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| Date of creation: | Mar 2007 |
| Handle: | RePEc:cpr:ceprdp:6189 |
| Contact details of provider: | Postal: Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ. Phone: 44 - 20 - 7183 8801 Fax: 44 - 20 - 7183 8820
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- Patrick K. O'Brien & Leandro Prados De La Escosura, 1992.
"Agricultural productivity and European industrialization, 1890-1980,"
Economic History Review,
Economic History Society, vol. 45(3), pages 514-536, 08.
- Prados de la Escosura, Leandro & O'Brien, Patrick K., 1992. "Agricultural productivity and european industrialization, 1890-1980," UC3M Working papers. Economics 2829, Universidad Carlos III de Madrid. Departamento de Economía.
- Matilde Mas & Javier Quesada, 2005. "ICT and Economic Growth: A Quantification of Productivity Growth in Spain 1985-2002," OECD Statistics Working Papers 2005/4, OECD Publishing.
- Paul A. David, 2005. "Two Centuries of American Macroeconomic Growth From Exploitation of Resource Abundance to Knowledge-Driven Development," Macroeconomics 0502021, EconWPA. Full references (including those not matched with items on IDEAS)
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