Minería, crecimiento económico y costes de la independencia en México1

Rafael Dobado and Gustavo Marrero

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2001, vol. 19, issue 3, 573-611

Abstract: The article is divided into three parts. In the first one we test for the hypothesis of existence of a “weak definition” of “mining-Ied-growth” in the New Spain economy in the 18th century and a “moderately optimistic” version of the relationship between mining expansion and economic growth is defended. In the second part, we analyze the determinants of the silver production, among them we include economic policy variables (mercury price and consignaciones for the Mines of Almadén, as well as the stock of mercury available in New Spain and the price of corn; we also show some of the positive effects of the new role of mercury Monopoly in the Crown's finances. Finally, a quantitative exercise intended to estimate the economic cost for Mexico of the Independence is presented. This cost seems to have been high and attributable, following Coatsworth's terminology, no only to “the achievement of the independence” but to the “independence in itself.”

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:19:y:2001:i:03:p:573-611_00

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