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

Download or read book Continuities and Discontinuities in the Economic Growth of Spain. 1850-1936 written by Antonio Cubel and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.