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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10016/11810
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Files in This Item:
| wp 11-07.pdf | -- 2011-07-13 -- Available on Internet -- preprint | 301,29 kB | Adobe PDF | |  |
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| Title: | Economic Reforms and Growth in Franco’s Spain |
| Author(s): | Prados de la Escosura, Leandro [prados] Rosés, Joan R. [jroses] Sanz Villarroya, Isabel |
| Publisher: | Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones |
| Issued date: | Jul-2011 |
| URI: | http://hdl.handle.net/10016/11810 |
| Abstract: | This paper is an attempt at assessing the economic impact of market-oriented reforms undertaken during General Franco’s dictatorship, in particular, the 1959 Stabilization and Liberalization Plan. Using an index of macroeconomic distortions (IMD) the relationship between economic policies and the growth record is examined. Although a gradual reduction in macroeconomic distortions was already in motion during the 1950s, the 1959 Plan opened the way to a new institutional design that favoured a free-market allocation of resources and allowed Spain to accelerate growth and catch up with Western Europe. Without the 1950s reforms and, especially, the 1959 Plan, per capita GDP would have been significantly lower in 1975 |
| Sponsor: | European Community's Seventh Framework Program |
| Serie / Nº.: | Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones 11-07 |
| Project: | info:eu-repo/grantAgreement/EC/FP7/225342 |
| Keywords: | Spain Franco’s dictatorship Economic reforms Stabilization Liberalization Growth |
| JEL Classification: | E65 F43 N14 N44 O43 |
| Appears in Collections: | OpenAIRE: Open Access Infrastructure for Research in Europe Economists Online DHEI - Working Papers in Economic History.WH
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