Portugal's Growth Paradox, 1870-1950
From 1870 to 1913, the Portuguese economy expanded slowly and diverged from the European core. Contrarily, in the interwar period, Portugal achieved higher growth and partially caught-up to the levels of productivity of Western Europe. Higher growth in Portugal after World War I occurred in a framework of protection, increasing state intervention, and capital deepening. Agriculture responded more positively than manufacturing, revealing important changes in its structure which favored output with higher levels of factor productivity. Portugal’s pattern of growth across 1870-1950 was not unique within the European periphery, but it contrasted with Latin America’s experience.
|Date of creation:||Dec 2003|
|Date of revision:|
|Contact details of provider:|| Postal: Rua Dr. Roberto Frias, 4200 PORTO|
Web page: http://www.fep.up.pt/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Fabrizio Perri & Vincenzo Quadrini, 2002.
"The Great Depression in Italy: Trade Restrictions and Real Wage Rigidities,"
Review of Economic Dynamics,
Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 128-151, January.
- Fabrizio Perri & Vincenzo Quadrini, 2002. "Data Appendix to The Great Depression in Italy: Trade Restrictions and Real Wage Rigidities," Technical Appendices perri02, Review of Economic Dynamics.
- Crafts, N F R, 1984. "Patterns of Development in Nineteenth Century Europe," Oxford Economic Papers, Oxford University Press, vol. 36(3), pages 438-58, November.
- Taylor, Alan M. & Williamson, Jeffrey G., 1997.
"Convergence in the age of mass migration,"
European Review of Economic History,
Cambridge University Press, vol. 1(01), pages 27-63, April.
- Jakob B. Madsen, 2001. "Trade Barriers and the Collapse of World Trade During the Great Depression," Southern Economic Journal, Southern Economic Association, vol. 67(4), pages 848-868, April.
- Vamvakidis, Athanasios, 2002. "How Robust Is the Growth-Openness Connection? Historical Evidence," Journal of Economic Growth, Springer, vol. 7(1), pages 57-80, March.
- Molinas, Cesar & de la Escosura, Leandro Prados, 1989. "Was Spain different? Spanish historical backwardness revisited," Explorations in Economic History, Elsevier, vol. 26(4), pages 385-402, October.
- Feinstein, Charles H. & Temin, Peter & Toniolo, Gianni, 1997. "The European Economy Between the Wars," OUP Catalogue, Oxford University Press, number 9780198774815, December.
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Costa-Gomes, Miguel & Tavares, Jos, 1999. "Democracy and business cycles: Evidence from portuguese economic history," European Review of Economic History, Cambridge University Press, vol. 3(03), pages 295-321, December.
- Taylor, Alan M., 1998. "On the Costs of Inward-Looking Development: Price Distortions, Growth, and Divergence in Latin America," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 1-28, March.
- Barry Eichengreen., 1991.
"The Origins and Nature of the Great Slump, Revisited,"
Economics Working Papers
91-156, University of California at Berkeley.
- Barry Eichengreen, 1992. "The origins and nature of the Great Slump revisited," Economic History Review, Economic History Society, vol. 45(2), pages 213-239, 05.
- Eichengreen, Barry, 1991. "The Origins and Nature of the Great Slump, Revisited," Department of Economics, Working Paper Series qt55s856nv, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Taylor, Alan M., 1992. "External Dependence, Demographic Burdens, and Argentine Economic Decline After the Belle Époque," The Journal of Economic History, Cambridge University Press, vol. 52(04), pages 907-936, December.
- O'Rourke, Kevin Hjortshøj, 1997. "Tariffs and Growth in the Late Nineteenth Century," CEPR Discussion Papers 1700, C.E.P.R. Discussion Papers.
When requesting a correction, please mention this item's handle: RePEc:por:fepwps:135. 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: ()
If references are entirely missing, you can add them using this form.