| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7731 |
| DP7731 Stabilization and Growth under Dictatorship: The Experience of Franco's Spain | |
| Leandro Prados de la Escosura; Joan R. Rosés | |
| 发表日期 | 2010-03-07 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Stabilizing and liberalizing policies are key elements of the Washington Consensus. This paper adds a historical dimension to the ongoing debate by assessing the economic impact of market-oriented reforms undertaken during General Franco?s dictatorship, the 1959 Stabilization and Liberalization Plan. Using an index of macroeconomic distortions (IMD) the relationship between economic policies and the growth record is examined. Although a gradual reduction in macroeconomic distortions was already in motion during the 1950s, the 1959 Plan opened the way to a new institutional design that favoured a free-market allocation of resources and allowed Spain to accelerating growth and catching up with Western Europe. Without the 1959 Plan, per capita GDP would have been significantly lower in 1975. |
| 主题 | International Macroeconomics |
| 关键词 | Macroeconomic policy Stabilization Liberalization Growth Dictatorship Anti-market policies Spain |
| URL | https://cepr.org/publications/dp7731 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536567 |
| 推荐引用方式 GB/T 7714 | Leandro Prados de la Escosura,Joan R. Rosés. DP7731 Stabilization and Growth under Dictatorship: The Experience of Franco's Spain. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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