Spanish Economic Growth, 1850-2015

Spanish Economic Growth, 1850-2015

by Leandro Prados de la Escosura

NOOK Book1st ed. 2017 (eBook - 1st ed. 2017)

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This book is open access under a CC BY 4.0 license.

This text offers a comprehensive and nuanced view of the economic development of Spain since 1850. It provides a new set of historical GDP estimates for Spain from the demand and supply sides, and presents a reconstruction of production and expenditure series for the century prior to the introduction of modern national accounts. The author splices available national accounts sets over the period 1958–2015 through interpolation, as an alternative to conventional retropolation. The resulting national accounts series are linked to the historical estimates providing yearly series for GDP and its components since 1850. On the basis of new population estimates, the author derives GDP per head, decomposed into labour productivity and the amount of work per person, and placed into international perspective.

With theoretical reasoning and historiographical implications, Prados de la Escosura provides a useful methodological reference work for anyone interested in national accounting.

Open Access has been made possible thanks to Fundación Rafael del Pino's generous support.

You can find the full dataset here:

‘This book stands among the classics for the Kuznetian paradigm in empirical economics. This is the definitive study of Spain's transition to a modern economy.’ 

Patrick Karl O'Brien, Emeritus Fellow at St. Antony’s College, the University of Oxford, UK, and Professor Emeritus of Global Economic History at the London School of Economics and Political Science, UK

‘The definitive account of Spanish economic growth since 1850, based firmly on a magisterial reconstruction of that country’s national accounts and an unrivalled knowledge of both Spanish and global economic history of the period.’

Stephen Broadberry, Professor of Economic History at Nuffield College, the University of Oxford, UK

Product Details

ISBN-13: 9783319580425
Publisher: Springer International Publishing
Publication date: 09/04/2017
Series: Palgrave Studies in Economic History
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 383
Sales rank: 279,559
File size: 1 MB

About the Author

Leandro Prados de la Escosura is Professor of Economic History at Carlos III University in Madrid, Spain, and Honorary Maddison Chair in the Faculty of Economics and Business, at the University of Groningen, the Netherlands. He is also Research Fellow at the Centre for Economic Policy Research (CEPR), UK, Research Associate at the Centre for Competitive Advantage in the Global Economy (CAGE), UK, and Corresponding Fellow of the Royal Academy of History, Spain. He has published articles and books on long-run growth and retardation in Spain, the economic consequences of Latin American independence, the costs and benefits of European Imperialism, and British Exceptionalism at the time of the Industrial Revolution.

Table of Contents

Chapter 1. Introduction

Part I. Main Trends

Chapter 2. Main Trends

Chapter 2.1 GDP and its Composition
Chapter 2.2 GDP and GDP per Head
Chapter 2.3 GDP per Head and Labour Productivity
Chapter 2.4 Spain’s Performance in Comparative Perspective
Chapter 2.5 GDP, Income Distribution, and Welfare

Part II. Measurement

Chapter 3. GDP, 1850–1958: Supply
3.1.1 Agriculture, Forestry, and Fishing Agriculture Forestry Fishing Value Added for Agriculture, Forestry, and Fishing

Chapter 4. Industry
4.1 Manufacturing
4.2 Extractive Industries
4.3 Utilities
4.4 Value Added for Manufacturing, Extractive Industries, and Utilities

Chapter 5. Construction
5.1 Residential and commercial construction
5.1.2 Non-residential construction
5.1.3 Value Added in Residential and Non-residential Construction
5.2 Services
5.2.1 Transport and Communications
5.2.2 Wholesale and Retail Trade
5.2.3 Banking and Insurance
5.2.4 Ownerhip of Dwellings
5.2.5 Public Administration
5.2.6 Education and Health
5.2.7 Other Services
5.2.8 Value Added in Services
5.3 Total Gross Value Added and GDP at market prices

Chapter 6. Measuring GDP, 1850–1958: Demand
6.1 Consumption of Goods and Services
6.1.1 Private Consumption
6.1.2 Public Consumption
6.2 Gross Domestic Capital Formation Gross Domestic Fixed Capital Formation Variation in Stocks
6.2.2 Net Exports of Goods and Services
6.2.3 Gross Domestic Product at market prices
6.2.4 Gross National Income
6.2.5 Net National Income
6.2.6 Net National Disposable Income 

Chapter 7. New GDP Series and Earlier Estimates for the Pre-National Accounts Era

7.1 Consejo de Economía Nacional (CEN)
7.2 Revisions and Extensions of CEN Estimates
7.3 Independent Estimates
7.4 Comparing the New and Earlier GDP Estimates

Chapter 8. Splicing National Accounts, 1958–2015

8.1 National Accounts Splicing in Spain
8.2 Splicing National Accounts through Interpolation

Chapter 9. Population, 1850–2015

Chapter 10. Employment, 1850–2015

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