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The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective

Tiago Sequeira ()

Economic History from University Library of Munich, Germany

Abstract: The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world. Since 1973, with petroleum crashes, the process of growth has slowed down in Europe, but it was only after 1985 that Ireland began to grow at impressive rates. We review, in an economic history perspective, the implications of the institutional environment and the economic policy decisions. We also address the consequences and plausible explanations for the different growth paths of those countries and revisit the puzzle of slow Irish growth until middle eighties.

Keywords: Second World War; Economic Growth; Convergence; Europe; Ireland; Portugal; Spain (search for similar items in EconPapers)
JEL-codes: N10 N14 O11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-eec and nep-his
Date: 2003-09-30
Note: Type of Document - pdf; prepared on IBM PC - PC-TEX; to print on HP/PostScript/Franciscan monk; pages: 30 ; figures: included
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Working Paper: The "Iberian Tigers" versus The "Celtic Tiger": Economic Growth Paths in an Economic History perspective (2002) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpeh:0309002

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