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  • Book
  • Open Access
  • © 2017

Spanish Economic Growth, 1850–2015

Palgrave Macmillan
  • Sheds a definitive light on the long run economic performance of Spain to date

  • Constructs estimates for production, private and public consumption, and sectoral output for Spain

  • Critically discusses existing estimates and compares with other European economics

  • Includes supplementary material: sn.pub/extras

  • Includes supplementary material: sn.pub/extras

Part of the book series: Palgrave Studies in Economic History (PEHS)

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xxiv
  2. Main Trends

    1. Front Matter

      Pages 1-1
    2. GDP and Its Composition

      • Leandro Prados de la Escosura
      Pages 3-14Open Access
    3. GDP and GDP Per Head

      • Leandro Prados de la Escosura
      Pages 15-24Open Access
    4. GDP per Head and Labour Productivity

      • Leandro Prados de la Escosura
      Pages 25-38Open Access
    5. Spain’s Performance in Comparative Perspective

      • Leandro Prados de la Escosura
      Pages 39-46Open Access
    6. GDP, Income Distribution, and Welfare

      • Leandro Prados de la Escosura
      Pages 47-59Open Access
  3. Measurement

    1. Front Matter

      Pages 61-61
    2. Measuring GDP, 1850–1958: Supply Side

      • Leandro Prados de la Escosura
      Pages 63-109Open Access
    3. Measuring GDP, 1850–1958: Demand Side

      • Leandro Prados de la Escosura
      Pages 111-152Open Access
    4. New GDP Series and Earlier Estimates for the Pre-national Accounts Era

      • Leandro Prados de la Escosura
      Pages 153-168Open Access
    5. Splicing National Accounts, 1958–2015

      • Leandro Prados de la Escosura
      Pages 169-187Open Access
    6. Population, 1850–2015

      • Leandro Prados de la Escosura
      Pages 189-192Open Access
    7. Employment, 1850–2015

      • Leandro Prados de la Escosura
      Pages 193-200Open Access
  4. Back Matter

    Pages 201-383

About this book

This book is open access under a CC BY 4.0 license.

This text offers a comprehensive and nuanced view of the economic development of Spain since 1850. It provides a new set of historical GDP estimates for Spain from the demand and supply sides, and presents a reconstruction of production and expenditure series for the century prior to the introduction of modern national accounts. The author splices available national accounts sets over the period 1958–2015 through interpolation, as an alternative to conventional retropolation. The resulting national accounts series are linked to the historical estimates providing yearly series for GDP and its components since 1850. On the basis of new population estimates, the author derives GDP per head, decomposed into labour productivity and the amount of work per person, and placed into international perspective.

With theoretical reasoning and historiographical implications, Prados de la Escosura provides a useful methodological reference work for anyone interested in national accounting.

Open Access has been made possible thanks to Fundación Rafael del Pino's generous support.

You can find the full dataset here: http://espacioinvestiga.org/bbdd-chne/?lang=en

‘This book stands among the classics for the Kuznetian paradigm in empirical economics. This is the definitive study of Spain's transition to a modern economy.’ 

Patrick Karl O'Brien, Emeritus Fellow at St. Antony’s College, the University of Oxford, UK, and Professor Emeritus of Global Economic History at the London School of Economics and Political Science, UK

‘The definitive account of Spanish economic growth since 1850, based firmly on a magisterial reconstruction of that country’s national accounts and an unrivalled knowledge of both Spanish and global economic history of the period.’

Stephen Broadberry, Professor of Economic History at Nuffield College, the University of Oxford, UK



Authors and Affiliations

  • Instituciones Universidad Carlos III, Departamento de Historia Económica Instituciones Universidad Carlos III, Madrid, Spain

    Leandro Prados de la Escosura

About the author

Leandro Prados de la Escosura is Professor of Economic History at Carlos III University in Madrid, Spain, and Honorary Maddison Chair in the Faculty of Economics and Business, at the University of Groningen, the Netherlands. He is also Research Fellow at the Centre for Economic Policy Research (CEPR), UK, Research Associate at the Centre for Competitive Advantage in the Global Economy (CAGE), UK, and Corresponding Fellow of the Royal Academy of History, Spain. He has published articles and books on long-run growth and retardation in Spain, the economic consequences of Latin American independence, the costs and benefits of European Imperialism, and British Exceptionalism at the time of the Industrial Revolution.

Bibliographic Information

Buy it now

Buying options

Softcover Book USD 31.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 31.00
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access