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Crisis económicas y cambio institucional en España: de la gran depresión a la crisis de 2008

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  • María Ángeles Sánchez Dominguez

    () (Universidad de Granada. Department of Applied Economics)

  • Fernando García Quero

    (Universidad de Granada. Department of Applied Economics)

Abstract

This paper discusses the economic crises in Spain, from the Great Depression to current recession. Institutional economics offers the theoretical framework for identifying and analyzing the institutions and the rules of the game that have triggered or aggravated the economic crises. This work identifies the institutional changes, caused by economic depressions, which have determined the path dependence of Spanish economy during the last century. In addition, this article analyzes in historical perspective three factors relevant for the institutional environment of the Spanish economy: the Stabilization Plan of 1959, the democratic Spanish transition and Spain joined the European Economic Community. They all have direct effects on policy-making of the country.

Suggested Citation

  • María Ángeles Sánchez Dominguez & Fernando García Quero, 2011. "Crisis económicas y cambio institucional en España: de la gran depresión a la crisis de 2008," FEG Working Paper Series 02/11, Faculty of Economics and Business (University of Granada).
  • Handle: RePEc:gra:fegper:02/11
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    File URL: http://www.ugr.es/~teoriahe/RePEc/gra/fegper/FEGWP211.pdf
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    Keywords

    : crises; Spain; institutional change;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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