IDEAS home Printed from https://ideas.repec.org/p/cte/werepe/2978.html
   My bibliography  Save this paper

Terms of trade and backwardeness: testing the prebisch for spain and britain during the industrialization

Author

Listed:
  • Prados de la Escosura, Leandro

Abstract

A historical test of prebisch-singer thesis of a long-run deterioration of primary producers' terms of trade vis-a-vis industrial nations is performed in this paper as part of an inquiry on the consequences of economic relations between DCs and LDCs on the latter's welfare. The setting is Europe in the age of the Industrial Revolution and spain and Britain are the countries chosen. The results strongly reject Prebisch-Singer doctrine as the welfare of Spain's productive factors embodied in exportables improved in absolute and relative terms,supporting the view that 19th century spain's relative decline cannot be blamed on specialization along lines of comparative advantage.

Suggested Citation

  • Prados de la Escosura, Leandro, 1994. "Terms of trade and backwardeness: testing the prebisch for spain and britain during the industrialization," UC3M Working papers. Economics 2978, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:2978
    as

    Download full text from publisher

    File URL: https://e-archivo.uc3m.es/bitstream/handle/10016/2978/we944624.pdf?sequence=1
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kevin H. O'Rourke & Jeffrey G. Williamson, 1995. "Around the European Periphery 1870-1913: Globalization, Schooling and Growth," NBER Working Papers 5392, National Bureau of Economic Research, Inc.
    2. Kujal, Praveen & Michelitsch, Roland, 1996. "Market power, inelastic income elasticity of demand, and terms of trade," UC3M Working papers. Economics 6013, Universidad Carlos III de Madrid. Departamento de Economía.
    3. Carlos Santiago-Caballero, 2021. "Domestic migrations in Spain during its first industrialisation, 1840s–1870s," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 15(3), pages 535-563, September.
    4. Leandro Prados de la Escosura & Carlos Santiago-Caballero, 2018. "The Napoleonic Wars: A Watershed in Spanish History?," Working Papers 0130, European Historical Economics Society (EHES).

    More about this item

    Keywords

    Terms of Trade;

    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:cte:werepe:2978. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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: Ana Poveda (email available below). General contact details of provider: http://www.eco.uc3m.es/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.