Proximate causes of economic growth in Spain, 1850-2000

Joan Rosés
Authors registered in the RePEc Author Service: Leandro Prados de la Escosura ()

IFCS - Working Papers in Economic History.WH from Universidad Carlos III de Madrid. Instituto Figuerola

Abstract: Between 1850 and 2000, Spain’s real output and labor productivity grew at average rates of 2.5 and 2.1 percent. The sources of this long-run growth are investigated here for the first time. Broad capital accumulation and efficiency gains appear as complementary in Spain’s long-term growth. Factor accumulation dominated long-run growth up to 1950, while total factor productivity led thereafter and, especially, during periods of growth acceleration. The main spurts in TFP and capital coincide with the impact of the railroads (1850s-80), the electrification (the 1920s and 1950s) and to the adoption of new vintage technology during the Golden Age.

Keywords: Total; factor; productivity; Factor; accumulation; Spain (search for similar items in EconPapers)
Date: 2008-06
New Economics Papers: this item is included in nep-eff and nep-his
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cte:whrepe:wp08-12

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