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The great escape? The contribution of the empire to Portugal’s economic growth, 1500-1800

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dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorCosta, Leonor Freire
dc.contributor.authorPalma, Nuno
dc.contributor.authorReis, Jaime
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Historia Económica e Institucioneses
dc.date.accessioned2013-11-11T09:19:29Z
dc.date.available2013-11-11T09:19:29Z
dc.date.issued2013-10-31
dc.description.abstractNewly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders and at the same time one of its least successful growth records. Using an estimated model in the spirit of Allen (2009) we conclude that intercontinental trade had a substantial and increasingly positive impact on economic growth. In the heyday of colonial expansion, eliminating the economic links to empire would have reduced Portugal’s per capita income by roughly a fifth. While the empire helped the domestic economy it was not sufficient to annul the tendency towards decline in relation to Europe’s advanced core which set in from the 17th century onwards. We conclude that the explanation for Portugal’s long-term backwardness must be sought primarily in domestic conditionsen
dc.format.mimetypeapplication/pdf
dc.identifier.repecwp13-07
dc.identifier.urihttps://hdl.handle.net/10016/17891
dc.language.isoengen
dc.relation.ispartofseries13-07
dc.relation.projectIDComunidad de Madrid. S2009/ESP-1685/RIESGOSen
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.ecienciaHistoriaes
dc.subject.jelN10
dc.subject.jelN13
dc.subject.jelN70
dc.subject.jelN74
dc.subject.jelO47
dc.subject.jelO57
dc.subject.otherThe European Little Divergenceen
dc.subject.otherEarly Modern Economic Growthen
dc.subject.otherEconomics of Empiresen
dc.titleThe great escape? The contribution of the empire to Portugal’s economic growth, 1500-1800en
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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