| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17020 |
| DP17020 American treasure and the decline of Spain | |
| Carlos Javier Charotti; Nuno Palma; Joao Pereira dos Santos | |
| 发表日期 | 2022-06-27 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Spain was one of the world’s richest countries and a first-rank European power around 1500. Two centuries later it was a backwater. In this paper, we study the long-run impact of the influx of silver from the New World since 1500 for the economic development of Spain. Compared with a synthetic counterfactual, the price level in Spain increased by up to 200% more by the mid-seventeenth century. Spain's GDP per capita outperformed other European nations for around a century: by 1600, it was close to 40% higher than in its counterfactual. However, this effect was reversed in the following 150 years: by 1750, GDP per capita was 40% lower than it would have been if Spain had not been the first-wave receiver of the American treasure. |
| 主题 | Development Economics ; Economic History ; Macroeconomics and Growth ; Monetary Economics and Fluctuations ; Political Economy |
| 关键词 | Resource curse Dutch disease State capture Early modern spain |
| URL | https://cepr.org/publications/dp17020-1 |
| 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/546483 |
| 推荐引用方式 GB/T 7714 | Carlos Javier Charotti,Nuno Palma,Joao Pereira dos Santos. DP17020 American treasure and the decline of Spain. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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