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La competitividad internacional de la industria algodonera española (1830–1860)

Joan Rosés

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2001, vol. 19, issue S1, 85-109

Abstract: To explain the large differences in prices between Spanish and British cotton goods I measure the relative cost of raw materials and estimate relative TFP levels. Both calculations lead to a relation between Spain's poor performance in international markets and high levels of protection. Thus, I find that inadequate specialization, which was consequence of high tariffs, reduced TFP levels in Spain because local factories produced goods too sophisticated for the abilities of their workforce.

Date: 2001
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