Publication: Política económica liberal y crecimiento en la España contemporánea : un argumento contrafactual
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1997
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Fundación de las Cajas de Ahorros (FUNCAS)
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Abstract
En este ensayo se aborda la interrogante de si, bajo una política económica más liberal a largo plazo, hubiera alcanzado España un mayor nivel de desarrollo. Para ello, se presenta la evolución histórica de la protección española y se muestra la coincidencia entre las etapas de mayor aislamiento internacional y el comportamiento menos dinámico de la economía española. Se arguye que en un contexto contractual de mayor apertura, menor peso del sector agrario y más intensa acumulación de capital físico y humano, la economía española habría salido beneficiada.
This paper debates the extent to which a more free-market oriented policy over the long run would have provided a higher level of development for Spain. A look at the historical evolution of protectionism shows the correspondence between economic isolation and sluggish growth. It is argued that within a counterfactual contex of more openness, physical and human capital deepening and a smaller agricultural sector, a substantial improvement would have taken place in Spain's performance.
This paper debates the extent to which a more free-market oriented policy over the long run would have provided a higher level of development for Spain. A look at the historical evolution of protectionism shows the correspondence between economic isolation and sluggish growth. It is argued that within a counterfactual contex of more openness, physical and human capital deepening and a smaller agricultural sector, a substantial improvement would have taken place in Spain's performance.
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Crecimiento económico, Historia económica, España contemporánea, Proteccionismo, Modern Spain, Protectionism, Openness, Growth
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Papeles de Economía Española, 1997, nº 73, pp. 83-99