¡Bienvenido, Míster Marshall! La ayuda económica americana y la economía española en la década de 1950

Óscar Calvo González

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2001, vol. 19, issue S1, 253-275

Abstract: What was the impact of American aid to Spain during the 1950s? This article revisits this question, addressing it from a rather different perspective to the focus on the relief of supply bottlenecks that dominates the existing Spanish economic historiography. It suggests that there is a prima facie case for the aid programme to have had a positive effect on private agents' expectations. The American backing, as part of the process of international acceptance of the Franco regime, may have provided a «commitment technology» that solved problems of credibility, which would have otherwise hindered investment and hence the resumption of economic growth. The paper concludes with an agenda for further research.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:19:y:2001:i:s1:p:253-275_00

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