RT Generic
T1 The great escape? The contribution of the empire to Portugal’s economic growth, 1500-1800
A1 Costa, Leonor Freire
A1 Palma, Nuno
A1 Reis, Jaime
A2 Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones, 
AB Newly assembled macroeconomic statistics for early modern Portugal reveal oneof Europe’s most vigorous colonial traders and at the same time one of its leastsuccessful growth records. Using an estimated model in the spirit of Allen (2009)we conclude that intercontinental trade had a substantial and increasinglypositive impact on economic growth. In the heyday of colonial expansion,eliminating the economic links to empire would have reduced Portugal’s percapita income by roughly a fifth. While the empire helped the domestic economyit was not sufficient to annul the tendency towards decline in relation to Europe’sadvanced core which set in from the 17th century onwards. We conclude that theexplanation for Portugal’s long-term backwardness must be sought primarily indomestic conditions
YR 2013
FD 2013-10-31
LK https://hdl.handle.net/10016/17891
UL https://hdl.handle.net/10016/17891
LA eng
DS e-Archivo
RD 1 may. 2024