Growth and structural change in Spain, 1850–2000: a european perspective+*

Leandro Prados de la Escosura ()

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2007, vol. 25, issue 1, 147-181

Abstract: Long run economic progress in modern Spain is assessed in this paper and its performance placed in European perspective. Over one and a half centuries, income per person rose 15 times. Three main phases can be established: 1850–1950, 1951–1974 and 1975–2000. Spain underperformed in the long run mostly due to its sluggish growth in specific phases of the century prior to 1950. Catching up took place in the late twentieth century, in which the years 1959–74 stand out. Structural change contributed significantly to growth acceleration while lack of exposition to international competition represents a recurrent element of retardation.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:25:y:2007:i:01:p:147-181_00

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