Cambio institucional y cambio económico en la España del siglo XIX

Pedro Tedde

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 1994, vol. 12, issue 3, 525-538

Abstract: The institutional changes which emerged from the liberal revolution of Western Europe were beneficial for economic growth. Equality before die law, the simplification of the judiciary, the defining of clearer property rights, and the opening of the market all contributed to a rapid approximation of the expected improvements in private returns with die increase in social returns. This article examines the institutional changes that took place in nineteenth century Spain, and concludes that deficiencies in the carrying out of the reforms produced smaller gains for economic growth than might have been expected.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:12:y:1994:i:03:p:525-538_00

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