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Comercio y crecimiento en la economía española, 1870–1995

Eva Pardos (epardos@unizar.es)

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2001, vol. 19, issue S1, 153-174

Abstract: This paper presents an analysis of the relationship between foreign sector and growth in the Spanish economy, through Granger causality tests for exports and income, and imports and income, along three periods: 1870–1935, 1940–1959 and 1964–1995. The results confirm a positive mutual influence, which works from exports to growth from the 1940s onwards, and begins only in the 1960s in the case of imports and growth. Our interpretation for the absence of causality from trade to growth between 1870 and 1935 stems mainly from the composition of Spanish trade at the time.

Date: 2001
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