MinerÃa, crecimiento econÃ³mico y costes de la independencia en MÃ©xico1
Rafael Dobado and
Gustavo Marrero ()
Revista de Historia EconÃ³mica / Journal of Iberian and Latin American Economic History, 2001, vol. 19, issue 3, 573-611
The article is divided into three parts. In the first one we test for the hypothesis of existence of a â€œweak definitionâ€ of â€œmining-Ied-growthâ€ in the New Spain economy in the 18th century and a â€œmoderately optimisticâ€ 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 AlmadÃ©n, 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 â€œthe achievement of the independenceâ€ but to the â€œindependence in itself.â€
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