Author: Leandro Prados de la Escosura Publisher: Springer ISBN: 3319580426 Category : Business & Economics Languages : en Pages : 400
Book Description
This book is open access under a CC BY 4.0 license. This text offers a comprehensive and nuanced view of the economic development of Spain since 1850. It provides a new set of historical GDP estimates for Spain from the demand and supply sides, and presents a reconstruction of production and expenditure series for the century prior to the introduction of modern national accounts. The author 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 historical estimates providing yearly series for GDP and its components since 1850. On the basis of new population estimates, the author derives GDP per head, decomposed into labour productivity and the amount of work per person, and placed into international perspective. With theoretical reasoning and historiographical implications, Prados de la Escosura provides a useful methodological reference work for anyone interested in national accounting. Open Access has been made possible thanks to Fundación Rafael del Pino's generous support. You can find the full dataset here: http://espacioinvestiga.org/bbdd-chne/?lang=en ‘This book stands among the classics for the Kuznetian paradigm in empirical economics. This is the definitive study of Spain's transition to a modern economy.’ —Patrick Karl O'Brien, Emeritus Fellow at St. Antony’s College, the University of Oxford, UK, and Professor Emeritus of Global Economic History at the London School of Economics and Political Science, UK ‘The definitive account of Spanish economic growth since 1850, based firmly on a magisterial reconstruction of that country’s national accounts and an unrivalled knowledge of both Spanish and global economic history of the period.’ —Stephen Broadberry, Professor of Economic History at Nuffield College, the University of Oxford, UK
Author: Leandro Prados de la Escosura Publisher: ISBN: 9781013289323 Category : Business & Economics Languages : en Pages : 398
Book Description
This text offers a comprehensive and nuanced view of the economic development of Spain since 1850. It provides a new set of historical GDP estimates for Spain from the demand and supply sides, and presents a reconstruction of production and expenditure series for the century prior to the introduction of modern national accounts. The author 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 historical estimates providing yearly series for GDP and its components since 1850. On the basis of new population estimates, the author derives GDP per head, decomposed into labour productivity and the amount of work per person, and placed into international perspective.With theoretical reasoning and historiographical implications, Prados de la Escosura provides a useful methodological reference work for anyone interested in national accounting. This work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.
Author: Leandro Prados de la Escosura Publisher: Springer ISBN: 9783031607912 Category : Business & Economics Languages : en Pages : 0
Book Description
This open access book presents the evolution of the Spanish economy over the past seven centuries since the end of the Reconquest and examines how much economic progress has Spain achieved, as well as its impact on living standards and income distribution over the very long run. It shows that preindustrial Spain was far from stagnant, although levels of output per head in the early nineteenth century were not much different from those on the eve of the Black Death (1348). It further discusses how phases of simultaneous per capita output and population expansion and shrinkage alternated, lending support to the recurring growth and frontier economy hypotheses. While a collapse in the 1570s gave way to sluggish growth and higher inequality after a long phase of sustained growth and lower inequality, the book shows how real per capita income has improved substantially over the last two centuries, driven by increased labor productivity, and derived from more intense andefficient use of physical and human capital per worker. Presenting exposure to international competition as a stimulus for this development, the book sheds light on the underperformance of Spain up to 1950 in a European comparison and describes the catch-up of Spain’s economy with more advanced countries until 2007. Finally, the book explains how modern economic growth is associated with an increase in the material well-being of its inhabitants, as the most dynamic economic phases of the last century have been associated with an improvement in income distribution, although the relationship between growth and inequality has not been linear. This book is a must-read for students, researchers, and scholars of economics and economic history interested in a better understanding of cliometrics, long-run analyses, economic development, economic growth, as well as the Spanish economy.
Author: Fernando Del Río Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
By conducting wedge-growth accounting, we assess the contribution of the economic forces (expressed as wedges in the equilibrium conditions of the neoclassical growth model) driving Spanish economic growth from 1850 to 2019. We find that declining investment and capital-efficiency wedges slowed down Spanish economic growth and downsized the labour share from 1850 to the First World War. The crisis of the 1930s (Great Depression and Civil War) was primarily driven by the decrease of the labour-efficiency wedge. The simultaneous increase of both efficiency wedges drove the Spanish economic miracle of the 1960s, which was preceded by a large increase in the investment wedge, resulting in a significant rise of the investment rate. From the mid-1970s, the declining capital-efficiency wedge was the primary force driving the fall of the labour share and the output growth slowdown. However, the labour wedge drove the medium-term fluctuations of output, labour, and investment.
Author: N. Townson Publisher: Springer ISBN: 0230592643 Category : History Languages : en Pages : 277
Book Description
Spain Transformed addresses the sweeping social and cultural changes that characterized the late Franco regime. This wide-ranging collection reassesses the dictatorship's latter years by drawing on a wealth of new material and ideas, using an interdisciplinary approach.
Author: Alexander Gallardo Publisher: iUniverse ISBN: 0595260365 Category : Business & Economics Languages : en Pages : 110
Book Description
Modern economics is generally credited to Adam Smith and his Wealth of Nations, written in 1776. His economic theories still influence us today. Yet, Smith was influenced by the economic theories of sixteenth century Spain. In particular the school of economics known as the School of Salamanca. Further this work shows how the great influx of gold and silver coming into Spain from the New World affected not only Spain but all of Europe. The Spanish government struggled to control inflation and the struggling Spanish economy. All the while Spain tried to control not only the New World but also half of Europe, oppose the Reformation, and hold back the threat of the advancing Islamic Ottoman Empire. Considering the economic stagnation of our times, the problems in the Middle East, and our strained relationship with various European countries, this work offers insight into understanding these concerns.
Author: Concha Betrán Publisher: Springer Nature ISBN: 3030409104 Category : Business & Economics Languages : en Pages : 278
Book Description
This book analyses the main historical turning points in the Spanish economy and the related challenges it faced. It focuses on six turning points that changed the direction of the Spanish economy, and identifies the economic, social or political origin of these watersheds. It also compares the Spanish trajectory with the international one, exploring the macroeconomic context in which these turning points happened, as well as the external and internal constraints on domestic political choices for a small country like Spain. The book focuses on how Spain faced up to each turning point, the reforms that were implemented, the differences between the Spanish response and that of other countries, the results of the policies enacted and what problems were not tackled. This is an interesting and unique perspective as most of the turning points in economic history are generally studies from the viewpoint of core countries such as the UK, US or Germany. The ultimate objective is to learn useful lessons from Spanish economic history in order to better face future turning points.
Author: Leandro Prados de la Escosura
Author: Leandro Prados de la Escosura
Author: Leandro Prados de la Escosura
Author: Fernando Del Río
Author: Leandro PRADOS DE LA ESCOSURA
Author: N. Townson
Author: Antonio Cubel
Author: Eric Lionel Jones
Author: Alexander Gallardo
Author: Concha Betrán