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Spain’s Historical National Accounts: Expenditure and Output, 1850-2015

Author

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  • Leandro Prados de la Escosura

    (Universidad Carlos III, CEPR, and Groningen)

Abstract

This essay offers a new set of historical GDP estimates from the demand and supply sides that revises and expands those in Prados de la Escosura (2003) and provides the basis to investigate Spain’s long run economic growth. It presents a reconstruction of production and expenditure series for the century prior to the introduction of modern national accounts. Then, it splices available national accounts sets over the period 1958-2015 through interpolation, as an alternative to conventional retropolation. The resulting national accounts series are linked to the ‘pre-statistical era’ estimates providing yearly series for GDP and its components since 1850. On the basis of new population estimates, GDP per head is derived. Trends in GDP per head are, then, drawn and, using new employment estimates, decomposed into labour productivity and the amount of work per person, and placed into international perspective.

Suggested Citation

  • Leandro Prados de la Escosura, 2016. "Spain’s Historical National Accounts: Expenditure and Output, 1850-2015," Working Papers 0103, European Historical Economics Society (EHES).
    • Handle: RePEc:hes:wpaper:0103
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    File URL: https://www.ehes.org/wp/EHES_103.pdf
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    References listed on IDEAS

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    1. Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2015. "The Next Generation of the Penn World Table," American Economic Review, American Economic Association, vol. 105(10), pages 3150-3182, October.
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    5. Broadberry, Stephen N., 1998. "How Did the United States and Germany Overtake Britian? A Sectoral Analysis of Comparative Productivity Levels, 1870–1990," The Journal of Economic History, Cambridge University Press, vol. 58(2), pages 375-407, June.
    6. Srinivasan, T. N., 1994. "Data base for development analysis Data base for development analysis: An overview," Journal of Development Economics, Elsevier, vol. 44(1), pages 3-27, June.
    7. Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 641-680.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. El crecimiento económico español a largo plazo: ¿Qué muestra la contabilidad nacional histórica?
      by admin in Nada Es Gratis on 2017-01-04 12:07:30

    Citations

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    Cited by:

    1. Miguel Artola Blanco & Luis Estévez Bauluz & Clara Martinez-Toledano, 2018. "Wealth in Spain, 1900-2014: A Country of Two Lands," World Inequality Lab Working Papers hal-02878216, HAL.
    2. Albers, Thilo Nils Hendrik, 2018. "The prelude and global impact of the Great Depression: Evidence from a new macroeconomic dataset," Explorations in Economic History, Elsevier, vol. 70(C), pages 150-163.

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    More about this item

    Keywords

    historical national accounts; GDP; output; expenditure; splicing GDP; Spain;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • 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
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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