Economic Reforms and Growth in Franco’s Spain

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dc.contributor.author Prados de la Escosura, Leandro
dc.contributor.author Rosés, Joan R.
dc.contributor.author Sanz Villarroya, Isabel
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones
dc.date.accessioned 2011-07-13T13:37:32Z
dc.date.available 2011-07-13T13:37:32Z
dc.date.issued 2011-07
dc.identifier.uri http://hdl.handle.net/10016/11810
dc.description.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
dc.description.sponsorship European Community's Seventh Framework Program
dc.description.sponsorship Financial support was provided by the Spanish Ministry of Science and Innovation (Research Project “Consolidating Economics”, Consolider-Ingenio 2010 Programme) and the HI-POD Project, Seventh Research Framework Programme Contract no. 225342. Prados de la Escosura acknowledges generous support from Fundación Rafael del Pino’s “Economic Freedom in History” research project and Rosés acknowledges financing from the project ECO2009-13331-C02-01.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones
dc.relation.ispartofseries 11-07
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Spain
dc.subject.other Franco’s dictatorship
dc.subject.other Economic reforms
dc.subject.other Stabilization
dc.subject.other Liberalization
dc.subject.other Growth
dc.title Economic Reforms and Growth in Franco’s Spain
dc.type workingPaper
dc.subject.jel E65
dc.subject.jel F43
dc.subject.jel N14
dc.subject.jel N44
dc.subject.jel O43
dc.subject.eciencia Economía
dc.subject.eciencia Historia
dc.rights.accessRights openAccess
dc.relation.projectID info:eu-repo/grantAgreement/EC/FP7/225342
dc.relation.projectID Gobierno de España. ECO2009-13331-C02-01
dc.type.version submittedVersion
dc.identifier.uxxi DT/0000000992
dc.identifier.repec wp11-07
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