The Rise and Fall of Spain (1270-1850)

Leandro Prados de la Escosura () and Carlos à lvarez-Nogal
Authors registered in the RePEc Author Service: Carlos Álvarez-Nogal ()

No 8369, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Two distinctive regimes are distinguished in Spain over half-a-millennium. A first one (1270s-1590s) corresponds to a high land-labour ratio frontier economy, pastoral, trade-oriented, and led by towns. Wages and food consumption were relatively high. Sustained per capita growth occurred from the Reconquest?s end (1264) to the Black Death (1340s) and resumed from the 1390s only broken by late-15th century turmoil. A second regime (1600s-1810s) corresponds to a more agricultural and densely populated low-wage economy which grew along a lower path. Contrary to preindustrial Western Europe, Spain achieved her highest living standards in the 1340s, not by mid-15th century. Although its population toll was lower, the Plague had a more damaging impact on Spain and, far from releasing non-existent demographic pressure, destroyed the equilibrium between scarce population and abundant resources. Pre-1350 per capita income was reached by the late 16th century but only overcome after 1820.

Keywords: Preindustrial spain; Frontier economy; Reconquest; Black death; Rise; Decline; Western europe (search for similar items in EconPapers)
JEL-codes: E01 N13 O47 (search for similar items in EconPapers)
Date: 2011-04
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: The rise and fall of Spain (1270–1850) (2013)
Working Paper: The rise and fall of Spain, 1270-1850 (2010)
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