Continuities and Discontinuities in the Economic Growth of Spain. 1850-1936

Working Paper-EC 97-10

35 Pages Posted: 28 Jan 1998

See all articles by Antonio Cubel

Antonio Cubel

Universitat de Valencia

Jordi Palafox

Universidad de Alicante - Valencian Institute of Economic Studies

Date Written: October 1997

Abstract

The Spanish pattern of econmic growth during the last two centuries is quite unique. In the nineteenth century, Spain remained outside the process of industrialization, but during the twentieh century it has joined the small group of developed economies. This article checks the possible existence of discontinuities between 1850-1936 in the series of GDP, industrial production and private and public investment by utilizing recent developments inthe econometric analysis associated with the work of Perron and Ziwot and Andrews. The results confirm the continuity of the Spanish growth during the long period considered. However, they also show two breakpoint years: 1870 in the series of industrial production and 1919 in the data of public investment.

JEL Classification: N13, N14, O47

Suggested Citation

Cubel, Antonio and Palafox, Jordi, Continuities and Discontinuities in the Economic Growth of Spain. 1850-1936 (October 1997). Working Paper-EC 97-10, Available at SSRN: https://ssrn.com/abstract=55168 or http://dx.doi.org/10.2139/ssrn.55168

Antonio Cubel (Contact Author)

Universitat de Valencia ( email )

Campus de los Naranjos
46022 Valencia
Spain
34 6 382 82 44 (Phone)
34 6 382 82 49 (Fax)

Jordi Palafox

Universidad de Alicante - Valencian Institute of Economic Studies ( email )

03071 Alicante, sn 46022 E
Spain

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