Exports have a positive, but small impact on long-run growth in Spain

A new GLO Discussion Paper reveals that the impact of exports on economic growth has been small but positive in 1850-2017 Spain.

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GLO Discussion Paper No. 461, 2020

Exports and long-run growth: The case of Spain, 1850-2017Download PDF
Bajo-Rubio, Oscar

GLO Fellow Oscar Bajo-Rubio

Author Abstract: We analyse in this paper the relationship between international trade and economic growth from the point of view of one of the most traditional hypotheses within this field, namely, the export-led growth hypothesis, for the case of Spain in a long-term perspective of almost 170 years. Exports seem to have played a positive, though modest, role in promoting economic growth in the Spanish economy over the whole period, mostly due to the higher productivity associated with the export sector. The contribution of exports to growth, however, seems to have been stronger in the final years of the 19th century, unlike the rest of the period, where it proved to be very small.

GLO Discussion Papers are research and policy papers of the GLO Network which are widely circulated to encourage discussion. Provided in cooperation with EconStor, a service of the ZBW – Leibniz Information Centre for Economics, GLO Discussion Papers are among others listed in RePEc (see IDEAS,  EconPapers)Complete list of all GLO DPs – downloadable for free.


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