 Taking advantage of globalization? Spain and the building of the international market in Mediterranean horticultural products, 1850–1935Vicente Pinilla and María-Isabel Ayuda () European Review of Economic History, 2010, vol. 14, issue 2, 239-274 Abstract: This article examines how globalization and industrialization offered the nations of the European periphery opportunities to develop exports in sectors where they enjoyed a comparative advantage. As a case in point, we consider Spanish exports of Mediterranean horticultural products (MHP). Two bi-equational export supply and demand models (an equilibrium and a disequilibrium model) are proposed, in which volumes and prices are determined simultaneously, to throw light on the main causes of Spain's expanding exports of MHP. The results clearly reflect the primacy of rightward shifts in the supply and demand curves in explaining the growth of MHP trade by volume. Thus, both rising incomes in the more developed countries and technological change in agriculture specializing in these products were key to the growth of this trade. Meanwhile, Spanish exporters also benefited from the increasing integration of international markets, especially through declining transport costs and, to a lesser extent, trade liberalization. Date: 2010 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cup:ereveh:v:14:y:2010:i:02:p:239-274_00 Access Statistics for this article More articles in European Review of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. |
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