The Spanish 1898 disaster: the drift towards national-protectionism

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dc.contributor.author Fraile Balbín, Pedro
dc.contributor.author Escribano, Álvaro
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones
dc.date.accessioned 2009-05-05T12:55:11Z
dc.date.available 2009-05-05T12:55:11Z
dc.date.issued 1998-01
dc.identifier.uri http://hdl.handle.net/10016/4126
dc.description.abstract An econometric analysis of Spanish aggregate and sectoral data reveals that the loss of the last colonial possessions in 1898 was not, in fact an economic disaster of the catastrophic proportions sorne traditional historians had held. Both at the aggregate level and in the sectors most directly involved in the colonial trade, the events of 1898 were not a specially relevant watershed. However, the nationalistic sentiment, and the climate of public opinion created by the defeat in the 1898 Spanish-American War induced a favorable institutional framework for the adoption of autarkic measures, especially high tariffs. This produced in subsequent years a progressive separation of the Spanish economy from international markets. This indirect and institutional effect, rather than the direct loss from the war itself, was the real economic disaster of 1898.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Working Papers in Economic History
dc.relation.ispartofseries 1998-01
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Colonial trade
dc.subject.other Colonialism
dc.subject.other Economic nationalism
dc.subject.other Autarky
dc.subject.other Tariffs
dc.subject.other Lobbies
dc.title The Spanish 1898 disaster: the drift towards national-protectionism
dc.type workingPaper
dc.subject.eciencia Economía
dc.subject.eciencia Historia
dc.rights.accessRights openAccess
dc.identifier.repec wh980301
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