Explaining wheat yields in eighteenth-century Spain

Carlos Santiago-Caballero

IFCS - Working Papers in Economic History.WH from Universidad Carlos III de Madrid. Instituto Figuerola

Abstract: From an extensive dataset of wheat yields at municipal level in mid eighteenth-century Spain, a detailed statistical analysis indicates that the differences in wheat yields were mainly a consequence of different natural conditions, and that demand did not have a significant influence. Counterfactual exercises show that improvements in rainfall, altitude or roughness of terrain would have a significant impact on average yields. The paper concludes that, although grain markets in the mid-eighteenth century were well integrated, producers addressed the growing demand not by investing in increasing yields, but by extending the area of cultivated land using the still abundant pastures. The low grain yields in Spain were in part a consequence of the rational behaviour of producers who faced an economic environment characterized by an elastic supply of land

Keywords: Land; Market; Yields; Climate (search for similar items in EconPapers)
JEL-codes: N33 N34 N53 N54 (search for similar items in EconPapers)
Date: 2012-06
New Economics Papers: this item is included in nep-agr, nep-env and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:cte:whrepe:wp12-05

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