IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/8369.html
   My bibliography  Save this paper

The Rise and Fall of Spain (1270-1850)

Author

Listed:
  • Álvarez-Nogal, Carlos
  • Prados de la Escosura, Leandro

Abstract

Two distinctive regimes are distinguished in Spain over half-a-millennium. A first one (1270s-1590s) corresponds to a high land-labour ratio frontier economy, pastoral, trade-oriented, and led by towns. Wages and food consumption were relatively high. Sustained per capita growth occurred from the Reconquest’s end (1264) to the Black Death (1340s) and resumed from the 1390s only broken by late-15th century turmoil. A second regime (1600s-1810s) corresponds to a more agricultural and densely populated low-wage economy which grew along a lower path. Contrary to preindustrial Western Europe, Spain achieved her highest living standards in the 1340s, not by mid-15th century. Although its population toll was lower, the Plague had a more damaging impact on Spain and, far from releasing non-existent demographic pressure, destroyed the equilibrium between scarce population and abundant resources. Pre-1350 per capita income was reached by the late 16th century but only overcome after 1820.

Suggested Citation

  • Álvarez-Nogal, Carlos & Prados de la Escosura, Leandro, 2011. "The Rise and Fall of Spain (1270-1850)," CEPR Discussion Papers 8369, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:8369
    as

    Download full text from publisher

    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=8369
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. de Vries, Jan, 1994. "The Industrial Revolution and the Industrious Revolution," The Journal of Economic History, Cambridge University Press, vol. 54(2), pages 249-270, June.
    2. Prados de la Escosura, Leandro & Rosés, Joan R., 2009. "The Sources of Long-Run Growth in Spain, 1850-2000," The Journal of Economic History, Cambridge University Press, vol. 69(4), pages 1063-1091, December.
    3. Helen Nader, 1977. "Noble Income in Sixteenth-Century Castile: The Case of the Marquises of Mondéjar, 1480-1580," Economic History Review, Economic History Society, vol. 30(3), pages 411-428, August.
    4. Allen, Robert C., 2000. "Economic structure and agricultural productivity in Europe, 1300–1800," European Review of Economic History, Cambridge University Press, vol. 4(1), pages 1-25, April.
    5. à Lvarez-Nogal, Carlos & Prados De La Escosura, Leandro, 2007. "The decline of Spain (1500–1850): conjectural estimates," European Review of Economic History, Cambridge University Press, vol. 11(3), pages 319-366, December.
    6. Voth, Hans-Joachim, 1998. "Time and Work in Eighteenth-Century London," The Journal of Economic History, Cambridge University Press, vol. 58(1), pages 29-58, March.
    7. Prados de la Escosura, Leandro, 2000. "International Comparisons of Real Product, 1820-1990: An Alternative Data Set," Explorations in Economic History, Elsevier, vol. 37(1), pages 1-41, January.
    8. Allen, Robert C., 2001. "The Great Divergence in European Wages and Prices from the Middle Ages to the First World War," Explorations in Economic History, Elsevier, vol. 38(4), pages 411-447, October.
    9. Malanima, Paolo, 2005. "Urbanisation and the Italian economy during the last millennium," European Review of Economic History, Cambridge University Press, vol. 9(1), pages 97-122, April.
    10. Gregory Clark, 2009. "The Macroeconomic Aggregates for England, 1209-2008," Working Papers 919, University of California, Davis, Department of Economics.
    11. Llopis, Enrique & Jerez, Miguel & à lvaro, Adoración & Fernández, Eva, 2000. "à ndices de precios de la zona noroccidental de Castilla y León, 1518–1650," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 18(3), pages 665-684, December.
    12. Jan Luiten van Zanden & Bas van Leeuwen, 2011. "The Character of growth before 'modern economics growth'? The GDP of Holland between 1347 and 1807," Working Papers 0004, Utrecht University, Centre for Global Economic History.
    13. Flynn, Dennis O., 1982. "Fiscal Crisis and the Decline of Spain (Castile)," The Journal of Economic History, Cambridge University Press, vol. 42(1), pages 139-147, March.
    14. Prados de la Escosura Leandro, 2003. "El progreso económico de España (1850-2000)," Books, Fundacion BBVA / BBVA Foundation, edition 1, number 201136, December.
    15. Daron Acemoglu & Simon Johnson & James Robinson, 2005. "The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth," American Economic Review, American Economic Association, vol. 95(3), pages 546-579, June.
    16. de la Escosura, Leandro Prados, 2007. "Growth and structural change in Spain, 1850–2000: a european perspective+," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 25(1), pages 147-181, January.
    17. Bouis, Howarth E., 1994. "The effect of income on demand for food in poor countries: Are our food consumption databases giving us reliable estimates?," Journal of Development Economics, Elsevier, vol. 44(1), pages 199-226, June.
    18. De La Escosura, Leandro Prados, 1989. "La estimacion indirecta de la produccion agraria en el siglo XIX: replica a Simpson," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 7(3), pages 703-718, December.
    19. N. F. R. Crafts, 1976. "English Economic Growth in the Eighteenth Century: A Re-Examination of Deane and Cole's Estimates," Economic History Review, Economic History Society, vol. 29(2), pages 226-235, May.
    20. Simpson,James, 2003. "Spanish Agriculture," Cambridge Books, Cambridge University Press, number 9780521525169, August.
    21. Simpson, James, 1989. "La produccion agraria y el consumo español en el siglo XIX," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 7(2), pages 355-388, September.
    22. Jan Luiten van Zanden, 2005. "Una estimación del crecimiento económico en la Edad Moderna," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 2, pages 9-38.
    23. Fenoaltea, Stefano, 2005. "The growth of the Italian economy, 1861–1913: Preliminary second-generation estimates," European Review of Economic History, Cambridge University Press, vol. 9(3), pages 273-312, December.
    24. Hoffman, Philip T. & Jacks, David S. & Levin, Patricia A. & Lindert, Peter H., 2002. "Real Inequality In Europe Since 1500," The Journal of Economic History, Cambridge University Press, vol. 62(2), pages 322-355, June.
    25. Paul Bairoch, 1965. "Niveaux de développement économique de 1810 à 1910," ULB Institutional Repository 2013/252675, ULB -- Universite Libre de Bruxelles.
    26. Enrique Llopis Agelán & Manuel González Mariscal, 2006. "La Tasa De Urbanización En España A Finales Del Siglo XVIII: El Problema De Las Agrociudades," Documentos de Trabajo (DT-AEHE) 0602, Asociación Española de Historia Económica.
    27. Miguel Ángel Bringas Gutiérrez, 2000. "La productividad de los factores en la agricultura española (1752-1935)," Estudios de Historia Económica, Banco de España, number 39.
    28. van Zanden, Jan L., 1999. "Wages and the standard of living in Europe, 1500–1800," European Review of Economic History, Cambridge University Press, vol. 3(2), pages 175-197, August.
    29. R. V. Jackson, 1985. "Growth and Deceleration in English Agriculture, 1660–1790," Economic History Review, Economic History Society, vol. 38(3), pages 333-351, August.
    30. Robert C. Allen, 1999. "Tracking the agricultural revolution in England," Economic History Review, Economic History Society, vol. 52(2), pages 209-235, May.
    31. Drelichman, Mauricio, 2005. "The curse of Moctezuma: American silver and the Dutch disease," Explorations in Economic History, Elsevier, vol. 42(3), pages 349-380, July.
    32. de la Escosura, Leandro Prados, 1984. "El comercio hispano-britanico en los siglos XVIII y XIX. I. Reconstruccion," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 2(2), pages 113-162, September.
    33. E. Cabrera, 1989. "The medieval origins of the great landed estates of the Guadalquivir valley," Economic History Review, Economic History Society, vol. 42(4), pages 465-483, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giovanni Federico & Paolo Malanima, 2004. "Progress, decline, growth: product and productivity in Italian agriculture, 1000–2000," Economic History Review, Economic History Society, vol. 57(3), pages 437-464, August.
    2. Broadberry, Stephen & Custodis, Johann & Gupta, Bishnupriya, 2015. "India and the great divergence: An Anglo-Indian comparison of GDP per capita, 1600–1871," Explorations in Economic History, Elsevier, vol. 55(C), pages 58-75.
    3. Koyama, Mark, 2012. "The transformation of labor supply in the pre-industrial world," Journal of Economic Behavior & Organization, Elsevier, vol. 81(2), pages 505-523.
    4. Broadberry Stephen, 2012. "Recent Developments in the Theory of Very Long Run Growth: A Historical Appraisal," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 53(1), pages 277-306, May.
    5. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2008. "Commercialisation, Factor Prices and Technological Progress in the Transition to Modern Economic Growth," The Warwick Economics Research Paper Series (TWERPS) 852, University of Warwick, Department of Economics.
    6. Chor, Davin, 2005. "Institutions, wages, and inequality: The case of Europe and its periphery (1500-1899)," Explorations in Economic History, Elsevier, vol. 42(4), pages 547-566, October.
    7. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2011. "Is Anonymity the Missing Link Between Commercial and Industrial Revolution?," The Warwick Economics Research Paper Series (TWERPS) 974, University of Warwick, Department of Economics.
    8. Álvarez Nogal, Carlos & Prados de la Escosura, Leandro, 2007. "Searching for the roots of retardation : Spain in European perspective, 1500-1850," IFCS - Working Papers in Economic History.WH wp07-06, Universidad Carlos III de Madrid. Instituto Figuerola.
    9. Stephen Broadberry & Bishnupriya Gupta, 2006. "The early modern great divergence: wages, prices and economic development in Europe and Asia, 1500–1800," Economic History Review, Economic History Society, vol. 59(1), pages 2-31, February.
    10. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2017. "Anonymity, efficiency wages and technological progress," Journal of Development Economics, Elsevier, vol. 127(C), pages 379-394.
    11. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    12. Kevin H. O'Rourke, Leandro Prados de la Escosura and Guilllaume Daudin, 2008. "Trade and Empire, 1700-1870," The Institute for International Integration Studies Discussion Paper Series iiisdp249, IIIS.
    13. Broadberry, Stephen & Gardner, Leigh, 2014. "African economic growth in a European mirror: a historical perspective," Economic History Working Papers 56493, London School of Economics and Political Science, Department of Economic History.
    14. Joan R. Rosés & Kevin H. O'Rourke & Jeffrey G. Williamson, 2007. "Globalization, Growth and Distribution in Spain 1500-1913," Trinity Economics Papers tep0407, Trinity College Dublin, Department of Economics.
    15. Peter H. Lindert & Jeffrey G. Williamson, 2003. "Does Globalization Make the World More Unequal?," NBER Chapters, in: Globalization in Historical Perspective, pages 227-276, National Bureau of Economic Research, Inc.
    16. Karayalcin, Cem, 2016. "Property rights and the first great divergence: Europe 1500–1800," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 484-498.
    17. Roger Fouquet & Stephen Broadberry, 2015. "Seven Centuries of European Economic Growth and Decline," Journal of Economic Perspectives, American Economic Association, vol. 29(4), pages 227-244, Fall.
    18. Leandro Prados de la Escosura, 2016. "Mismeasuring long-run growth: the bias from splicing national accounts—the case of Spain," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 10(3), pages 251-275, September.
    19. Mario García-Zúñiga & Ernesto López-Losa, 2019. "Building Workers in Madrid (1737-1805). New Wage Series and Working Lives," Working Papers 0152, European Historical Economics Society (EHES).
    20. Angeles, Luis, 2008. "GDP per capita or real wages? Making sense of conflicting views on pre-industrial Europe," Explorations in Economic History, Elsevier, vol. 45(2), pages 147-163, April.

    More about this item

    Keywords

    Black Death; Decline; Frontier economy; preindustrial Spain; Reconquest; Rise; Western Europe;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:8369. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://www.cepr.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (email available below). General contact details of provider: https://www.cepr.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.