Between Empire and Globalization: An Economic History of Modern Spain

Preface
Contents
List of Figures
List of Tables
Chapter 1: The Economic Growth of Spain: A Very Long-Term Perspective
	1 The Natural Constraints
	2 The Demographic Transition
	3 The Increase in GDP and GDP Per Capita: A Comparative Perspective
	4 The Spanish Economy between Empire and Globalization: Another Comparative Perspective
	5 Welfare: Looking for Better Assessments of Well-being
		5.1 Stature
		5.2 Human Development
	6 Prices, Money and Currency
	Bibliographic Orientation
Chapter 2: From Empire to Peripheral Economy (1789–1840)
	1 The Collapse of Colonial Trade
	2 The Bankruptcy of the Absolutist Treasury
	3 The Crisis of the Old Regime and the Liberal Revolution
	4 Between Agriculture and Industry: The Formation of the National Market
	5 Spain in the Great Divergence: The Failure of the Prerequisites to Emulate British Industrialization
	Bibliographic Orientation
Chapter 3: The Impact of European Industrialization: The Double Failure of Agrarian and Industrial Strategies (1840–1890)
	1 The Limits of Agricultural Expansion
	2 Economic Liberalization and Internationalization
	3 State Reform: Tax Reform
	4 The Great Railways and Banking Business Cycle
	5 Problems of the First Industrialization
	Bibliographic Orientation
Chapter 4: Spain in the First Economic Globalization (1890–1914)
	1 The Transport Revolution and the Great Agrarian Depression
	2 The Protectionist Shift and the Loss of the Last Overseas Colonies
	3 The Formation of the Modern Business Enterprise and the Start of the Second Industrial Revolution
	4 A Slow Divergence
	Bibliographic Orientation
Chapter 5: The Spanish Economy During Great War and Interwar Years (1914–1936)
	1 The Impact of War on a Neutral Economy
	2 The Consequences of the War: The Distributive Struggle
	3 Growth and Structural Changes During the 1920s
	4 The Depression of the 1930s in Spain
	Bibliographic Orientation
Chapter 6: The Isolation from the International Economy: Civil War and Autarky (1936–1951)
	1 War Economy, Social Revolution and War Financing
	2 The Macroeconomic and Distributional Impact of Autarkic Francoism
	3 Market Intervention: Black Market and Rationing
	4 Autarkic Policies
	Bibliographical Orientation
Chapter 7: Import Substitution Industrialization (1951–1959)
	1 Cold War, American Aid and Tempering of Interventionism
	2 From Autarky to Import Substitution Industrialization
	3 The Structuring of a National Capitalism
	4 The Unsustainability of the Growth Model. The Stabilization Plan
	Bibliographic Orientation
Chapter 8: Spain in the Golden Age: Reintegration into the International Economy (1960–1973)
	1 Liberalization, Opening Up to the Outside World and Economic Integration
	2 The Transition from a Semi-Industrial to an Industrialized Economy
	3 The “Industrialization” of Agriculture
	4 Franco’s Neo-Interventionism
	Bibliographical Orientation
Chapter 9: Economic Crisis and Political Transition (1973–1985)
	1 The Macroeconomic Impact of the Double Oil Shock and the Transition to Democracy
	2 Adjustment Policies and Social Pacts
	3 The Emergence of the Welfare State
	4 Industrial and Banking Crisis and Mass Unemployment
	5 Industrial Restructuring, Bank Rescue and Other Structural Policies
	Bibliographic Orientation
Chapter 10: Integration into the European Economy (1986–1998)
	1 The Business Cycle of Joining the European Union
	2 The Real Effects of Integration
	3 The Nominal Effects of Integration
	4 Institutional Reform Policies
	5 The Transition to the Single Currency
	Bibliographic Orientation
Chapter 11: Spain in the Euro Area (1999–2017)
	1 The Economic Cycle of Joining the Euro and Unbridled Indebtedness
	2 The Credit, Real Estate and Immigration Boom. The Internationalization of Spanish Business
	3 Macroeconomic Imbalances and the Bursting of the Bubble: The Banking and Fiscal Crises
	4 The Rescue of the Banking, and Labour and Pension System Reforms
	5 The Economic Recovery
	Bibliographical Orientation
Chapter 12: Balance of Two Centuries: Growth Engines and Economic Policies
	1 Growth Engines: The Sources of Productivity Growth
		1.1 Structural Change
		1.2 Productivity
		1.3 Amount of Labour: Participation and Employment
		1.4 Quality of Labour: Education
	2 Performance of Economic Policies
		2.1 Economic Internationalization—Foreign Accounts Balance
		2.2 The Role of the State—Public Accounts Balance
		2.3 Monetary Policy and the Management of the Exchange Rate
	3 The Outcome: Changing Inequalities
	4 To Sum Up
	Bibliographical Orientation
Statistical Appendix
	Basic Economic Magnitudes of the Modern Spanish Economy
		Notes on Sources and Procedures for the Production of the Series
Index