A century of the Spanish economy

Gabriel Tortella and José Luis García Ruiz
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Gabriel Tortella: Universidad de Alcalá
José Luis García Ruiz: Universidad Complutense de Madrid

Chapter 2 in The Spanish financial System, 2012, pp 45-70 from Palgrave Macmillan

Abstract: Abstract At the dawn of the 20th century Spain was a backward country on the periphery of Europe [Tortella (1994)]. Perhaps the clearest evidence of its backwardness lies in its demographic variables [Nadal (1991)]. In 1900 Spain’s population retained many archaic demographic features, such as high mortality and birth rates, low rates of urbanization, low female labor-force participation rates, a very large share of the work force dedicated to the primary sector (primarily agriculture), coupled with relatively low mobility. It is around the turn of the century (probably in the last decade of the 19th century) when the rapid changes that marked the start of the so-called “demographic transition” began to appear.

Keywords: Monetary Policy; Investment Rate; European Economic Community; Trade Deficit; European Monetary System (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36114-0_3

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DOI: 10.1057/9780230361140_3

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