Growth and Macroeconomic Performance in Spain, 1939-93

Leandro Prados de la Escosura

No 1104, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: After presenting trends in aggregate performance within a comparative convergence framework, this paper explores institutional and macroeconomic features as the ultimate explanations of Spain's post-war growth performance. The following main phases are distinguished: the autarchy period (1939-59), the years of growth and delayed reconstruction (1959-75), the relative stagnation of the transition from Franco's dictatorship to democracy (1975-85), which ended with Spain's membership of the European Community and gave way to a short period of accelerating growth which ended abruptly with the recession of the early 1990s.

Keywords: Autarchy; Catch-Up; Economic Growth; Spain; Trade Liberalization (search for similar items in EconPapers)
JEL-codes: N14 O52 (search for similar items in EconPapers)
Date: 1995-01
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Citations: View citations in EconPapers (4)

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