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Titlebook: A Millennial View of Spain’s Development; Essays in Economic H Leandro Prados de la Escosura Book‘‘‘‘‘‘‘‘ 2024 The Editor(s) (if applicable

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期刊全称A Millennial View of Spain’s Development
期刊简称Essays in Economic H
影响因子2023Leandro Prados de la Escosura
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发行地址This book is open access, which means that you have free and unlimited access.Presents the evolution of the Spanish economy over the past seven centuries.Analyzes the forces behind the phases of moder
学科分类Frontiers in Economic History
图书封面Titlebook: A Millennial View of Spain’s Development; Essays in Economic H Leandro Prados de la Escosura Book‘‘‘‘‘‘‘‘ 2024 The Editor(s) (if applicable
影响因子.This open access book presents the evolution of the Spanish economy over the past seven centuries since the end of the Reconquest and examines how much economic progress has Spain achieved, as well as its impact on living standards and income distribution over the very long run. It shows that preindustrial Spain was far from stagnant, although levels of output per head in the early nineteenth century were not much different from those on the eve of the Black Death (1348). It further discusses how phases of simultaneous per capita output and population expansion and shrinkage alternated, lending support to the recurring growth and frontier economy hypotheses. ..While a collapse in the 1570s gave way to sluggish growth and higher inequality after a long phase of sustained growth and lower inequality, the book shows how real per capita income has improved substantially over the last two centuries, driven by increased labor productivity, and derived from more intense andefficient use of physical and human capital per worker. Presenting exposure to international competition as a stimulus for this development, the book sheds light on the underperformance of Spain up to 1950 in a Europea
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https://doi.org/10.1007/978-3-476-05071-7DP ratio rose over time and doubled in the last half a century. Capital services grew fast over the long run, accelerating in the 1920s and from the mid-1950s to 2007. Until 1975, their acceleration was assisted by an increase in the ‘quality’ of capital. Capital deepening proceeded steadily, accele
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Grundbegriffe der Literaturwissenschaft GDP growth, while hours worked per person shrank by one-quarter and population trebled. Half of labour productivity growth resulted from capital deepening and one-third from efficiency gains (total factor productivity). Labour productivity proceeded steadily, accelerating during the 1920s and from
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https://doi.org/10.1007/978-3-642-77728-8es its economic effects. The emancipation of the mainland American colonies impacted negatively on Spain’s economy, especially in the short run, with a contraction of international trade, domestic investment and the Monarchy’s revenues. However, the aggregate effects on the economy were narrower and
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Grundbegriffe der Manuellen Medizins on the former’s welfare is tested for Spain and Britain in the age of the Industrial Revolution. At odds with the Prebisch doctrine, the evolution of the terms of trade between Spain and Britain had a positive effect on Spain’s welfare, as productive factors embodied in exportables improved in abs
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Grundbegriffe der Manuellen Medizincount, resulting from the country’s integration into international commodity and factor markets, which would have slowed down economic growth. In this chapter, this proposition is tested on the basis of a reconstruction of the Spanish balance of payments on current account. At odds with this interpr
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