Publication: The Spanish economic Miracle: a disaggregated approach to productivity growth, 1958-1975
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2006
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Universidad Carlos III de Madrid. Instituto Laureano Figuerola: Centro de Estudios Políticos y Constitucionales
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Abstract
En este trabajo se analizan las fuentes del crecimiento español durante 1958-1975 desde una perspectiva sectorial, siguiendo una metodología similar a la desarrollada por Jorgenson, Gollop y Fraumeni (1987). Para ello se mide la contribución de los inputs intermedios, el capital, el trabajo y la productividad total de los factores al crecimiento del output total para 25 ramas productivas. Los resultados atribuyen más de la mitad del crecimiento del output al crecimiento de la Productividad Total de los Factores. Este crecimiento de la productividad fue de alcance general aunque no estuvo uniformemente repartido y se apoyó en una potente contribución de algunas industrias manufactureras compartida con avances significativos en los transportes y en las comunicaciones.
This paper exploits sectorial growth accounting methodology in a similar way to Jorgenson, Gollop and Fraumeni (1987) in order to provide additional insight into the sources of Spanish economic growth. We measure the contribution of intermediate inputs, capital, labour and total factor productivity to the increase in total output for 25 productive branches. We also analyse sectorial contributions to overall productivity growth and discuss the role of pioneering sectors in the whole transformation. The findings presented attribute more than fifty per cent of output growth to improvement in TFP. This productivity growth was unevenly distributed and was fuelled by some potent manufacturing industries together with advances in transportation and communications.
This paper exploits sectorial growth accounting methodology in a similar way to Jorgenson, Gollop and Fraumeni (1987) in order to provide additional insight into the sources of Spanish economic growth. We measure the contribution of intermediate inputs, capital, labour and total factor productivity to the increase in total output for 25 productive branches. We also analyse sectorial contributions to overall productivity growth and discuss the role of pioneering sectors in the whole transformation. The findings presented attribute more than fifty per cent of output growth to improvement in TFP. This productivity growth was unevenly distributed and was fuelled by some potent manufacturing industries together with advances in transportation and communications.
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Productividad, Análisis sectorial, Cambio tecnológico, España, 1958-1975, Productivity, Industry, Industry level, Technological change, Spain
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Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Año XXIV, otoño 2006, n. 2, pp. 383-419