Pub Date : 2021-02-03DOI: 10.1017/S0212610920000294
Miguel Martín-Retortillo, V. Pinilla, Jackeline Velazco, Henry Willebald
ABSTRACT In this article, we discuss whether there was a single Latin American pattern of agricultural growth between 1950 and 2008. We analyse the sources of growth of agricultural production and productivity in ten Latin American countries. Our results show that the differences between these countries are too large to establish a single pattern for this region. However, certain common trends may be observed, such as the growing importance of labour productivity as a component of agricultural production growth and the increasing relevance of total factor productivity as a component of agricultural labour productivity growth.
{"title":"IS THERE A LATIN AMERICAN AGRICULTURAL GROWTH PATTERN? FACTOR ENDOWMENTS AND PRODUCTIVITY IN THE SECOND HALF OF THE 20TH CENTURY","authors":"Miguel Martín-Retortillo, V. Pinilla, Jackeline Velazco, Henry Willebald","doi":"10.1017/S0212610920000294","DOIUrl":"https://doi.org/10.1017/S0212610920000294","url":null,"abstract":"ABSTRACT In this article, we discuss whether there was a single Latin American pattern of agricultural growth between 1950 and 2008. We analyse the sources of growth of agricultural production and productivity in ten Latin American countries. Our results show that the differences between these countries are too large to establish a single pattern for this region. However, certain common trends may be observed, such as the growing importance of labour productivity as a component of agricultural production growth and the increasing relevance of total factor productivity as a component of agricultural labour productivity growth.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"40 1","pages":"99 - 134"},"PeriodicalIF":1.0,"publicationDate":"2021-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0212610920000294","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42462959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-12-23DOI: 10.1017/S0212610920000282
Carlos Santiago-Caballero
ABSTRACT This paper sheds light on a crucial period of Spanish economic history, analysing changes in intergenerational occupational mobility. We use newly collected empirical evidence from Valencia, a region that followed a path of growth based on agrarian capitalism focused on international markets. We show that occupational mobility improved between 1841 and 1850, but that this situation reversed during the following decades. The opportunities offered to individuals from poorer families quickly disappeared. Put in international perspective, occupational mobility in Valencia was far lower than in other European countries, where both downward and especially upward mobility were considerably higher. By 1870, Valencia had become a polarised society, where the lowest part of the income distribution suffered increasing pauperisation and downward mobility.
{"title":"INTERGENERATIONAL OCCUPATIONAL MOBILITY IN 19TH-CENTURY SPAIN (VALENCIA), 1841-1870","authors":"Carlos Santiago-Caballero","doi":"10.1017/S0212610920000282","DOIUrl":"https://doi.org/10.1017/S0212610920000282","url":null,"abstract":"ABSTRACT This paper sheds light on a crucial period of Spanish economic history, analysing changes in intergenerational occupational mobility. We use newly collected empirical evidence from Valencia, a region that followed a path of growth based on agrarian capitalism focused on international markets. We show that occupational mobility improved between 1841 and 1850, but that this situation reversed during the following decades. The opportunities offered to individuals from poorer families quickly disappeared. Put in international perspective, occupational mobility in Valencia was far lower than in other European countries, where both downward and especially upward mobility were considerably higher. By 1870, Valencia had become a polarised society, where the lowest part of the income distribution suffered increasing pauperisation and downward mobility.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"39 1","pages":"219 - 264"},"PeriodicalIF":1.0,"publicationDate":"2020-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0212610920000282","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41419887","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-12-21DOI: 10.1017/S0212610920000270
Oriol Sabaté, Sergio Espuelas, Alfonso Herranz-Loncán
ABSTRACT In 1833-1874, Spain suffered 0.7 coups per year. By contrast, the Restoration (1874-1923) saw the eradication of successful coups. This can be partially attributed to the turno pacífico, which allowed the main political parties to alternate in office without dragging the military into politics. We suggest, however, that the reduction in coup risk was also associated with a conscious budget policy. This, though, did not rely on increases in total military expenditure (which actually stagnated during most of the Restoration), but on the steady improvement of officers' remunerations and promotions. This strategy was probably detrimental to Spanish military capacity abroad, but was consistent with the objective of keeping the military out of politics.
{"title":"MILITARY WAGES AND COUPS D’ÉTAT IN SPAIN (1850–1915): THE USE OF PUBLIC SPENDING AS A COUP-PROOFING STRATEGY","authors":"Oriol Sabaté, Sergio Espuelas, Alfonso Herranz-Loncán","doi":"10.1017/S0212610920000270","DOIUrl":"https://doi.org/10.1017/S0212610920000270","url":null,"abstract":"ABSTRACT In 1833-1874, Spain suffered 0.7 coups per year. By contrast, the Restoration (1874-1923) saw the eradication of successful coups. This can be partially attributed to the turno pacífico, which allowed the main political parties to alternate in office without dragging the military into politics. We suggest, however, that the reduction in coup risk was also associated with a conscious budget policy. This, though, did not rely on increases in total military expenditure (which actually stagnated during most of the Restoration), but on the steady improvement of officers' remunerations and promotions. This strategy was probably detrimental to Spanish military capacity abroad, but was consistent with the objective of keeping the military out of politics.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"40 1","pages":"205 - 241"},"PeriodicalIF":1.0,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0212610920000270","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44841646","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-12-03DOI: 10.1017/S021261092000021X
E. M. Cuesta
RESUMEN Desde hace algunos años se avanza en investigaciones sobre la evolución, causas y consecuencias de la desigualdad. En ese marco, la desigualdad salarial ha recibido gran atención dadas sus implicancias en relación con las políticas económicas, el crecimiento y el desarrollo. En este artículo se presentan nuevas series y análisis acerca de la desigualdad salarial de género en la industria de la ciudad de Buenos Aires entre 1903 y 1942. Se propone cubrir un área vacante en los estudios del mundo laboral femenino, siempre complejo, y aún más en la primera mitad del siglo XX. Esta aproximación es una aportación a los estudios sobre la desigualdad de género en Argentina, que permitirá comparaciones con otros espacios y regiones.
{"title":"LAS TRABAJADORAS INDUSTRIALES DE BUENOS AIRES Y LA DESIGUALDAD SALARIAL DE GÉNERO (1903–1942). NUEVOS DATOS Y UNA AGENDA DE INVESTIGACIÓN","authors":"E. M. Cuesta","doi":"10.1017/S021261092000021X","DOIUrl":"https://doi.org/10.1017/S021261092000021X","url":null,"abstract":"RESUMEN Desde hace algunos años se avanza en investigaciones sobre la evolución, causas y consecuencias de la desigualdad. En ese marco, la desigualdad salarial ha recibido gran atención dadas sus implicancias en relación con las políticas económicas, el crecimiento y el desarrollo. En este artículo se presentan nuevas series y análisis acerca de la desigualdad salarial de género en la industria de la ciudad de Buenos Aires entre 1903 y 1942. Se propone cubrir un área vacante en los estudios del mundo laboral femenino, siempre complejo, y aún más en la primera mitad del siglo XX. Esta aproximación es una aportación a los estudios sobre la desigualdad de género en Argentina, que permitirá comparaciones con otros espacios y regiones.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"40 1","pages":"539 - 566"},"PeriodicalIF":1.0,"publicationDate":"2020-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S021261092000021X","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43590073","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-12-01DOI: 10.1017/S0212610920000257
{"title":"RHE series 2 volume 38 issue 3 Cover and Back matter","authors":"","doi":"10.1017/S0212610920000257","DOIUrl":"https://doi.org/10.1017/S0212610920000257","url":null,"abstract":"","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"38 1","pages":"b1 - b2"},"PeriodicalIF":1.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49634991","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-12-01DOI: 10.1017/S0212610920000245
{"title":"RHE series 2 volume 38 issue 3 Cover and Front matter","authors":"","doi":"10.1017/S0212610920000245","DOIUrl":"https://doi.org/10.1017/S0212610920000245","url":null,"abstract":"","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"38 1","pages":"f1 - f4"},"PeriodicalIF":1.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42773734","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-11-26DOI: 10.1017/S0212610920000154
Enrique Jorge-Sotelo
ABSTRACT This paper provides a new index of money market and bank lending interest rates in Spain for 1900–1935. New archival evidence reveals a structural change in market interest rates vis-à-vis the official rates charged by the Banco de España (BdE). Before 1914, the BdE rate operated as a ceiling to market rates. The outbreak of the First World War caused market rates to soar and the BdE rate started operating as a floor, as bank liquidity started depending on the BdE. This was accompanied by new banking legislation introduced in 1921, which changed the collateral framework through which the BdE lent to banks. The resulting interest rate index illustrates the persistent impact of financial deglobalisation caused by the outbreak of the War.
{"title":"THE IMPACT OF THE FIRST WORLD WAR ON THE SPANISH MONEY MARKET: NEW EVIDENCE FROM MONEY MARKET AND BANK LENDING INTEREST RATES, 1900–1935","authors":"Enrique Jorge-Sotelo","doi":"10.1017/S0212610920000154","DOIUrl":"https://doi.org/10.1017/S0212610920000154","url":null,"abstract":"ABSTRACT This paper provides a new index of money market and bank lending interest rates in Spain for 1900–1935. New archival evidence reveals a structural change in market interest rates vis-à-vis the official rates charged by the Banco de España (BdE). Before 1914, the BdE rate operated as a ceiling to market rates. The outbreak of the First World War caused market rates to soar and the BdE rate started operating as a floor, as bank liquidity started depending on the BdE. This was accompanied by new banking legislation introduced in 1921, which changed the collateral framework through which the BdE lent to banks. The resulting interest rate index illustrates the persistent impact of financial deglobalisation caused by the outbreak of the War.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"40 1","pages":"67 - 98"},"PeriodicalIF":1.0,"publicationDate":"2020-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0212610920000154","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"57284923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-11-18DOI: 10.1017/S0212610920000208
Joaquín Ladeuix, Pablo Schiaffino
RESUMEN El presente trabajo pretende explorar un aspecto pasado por alto por la literatura de historia económica comparada entre Argentina, Australia y Canadá: el capital humano. Mediante la comparación con estos países en los años de la Primera Globalización, analiza los stocks de capital humano con los que contaba la Argentina durante fines del siglo XIX y la primera parte del XX, y realiza un aporte principal: la Argentina del período presenta un problema de desigualdad regional (y de persistencia de esa desigualdad) ausente en el resto de las “economías de reciente poblamiento”.
{"title":"EL GIGANTE CON PIES DE BARRO: ¿FUE LA ARGENTINA REALMENTE RICA? EL CAPITAL HUMANO DURANTE LA PRIMERA GLOBALIZACIÓN EN UNA PERSPECTIVA COMPARADA","authors":"Joaquín Ladeuix, Pablo Schiaffino","doi":"10.1017/S0212610920000208","DOIUrl":"https://doi.org/10.1017/S0212610920000208","url":null,"abstract":"RESUMEN El presente trabajo pretende explorar un aspecto pasado por alto por la literatura de historia económica comparada entre Argentina, Australia y Canadá: el capital humano. Mediante la comparación con estos países en los años de la Primera Globalización, analiza los stocks de capital humano con los que contaba la Argentina durante fines del siglo XIX y la primera parte del XX, y realiza un aporte principal: la Argentina del período presenta un problema de desigualdad regional (y de persistencia de esa desigualdad) ausente en el resto de las “economías de reciente poblamiento”.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"40 1","pages":"439 - 473"},"PeriodicalIF":1.0,"publicationDate":"2020-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0212610920000208","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44900190","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-11-13DOI: 10.1017/S0212610920000221
J. P. Couyoumdjian, Cristián Larroulet, Diego A. Díaz
ABSTRACT This paper studies the evolution of the Chilean economy in the late 19th and early 20th century, a period when the country's convergence with developed countries came to an end. We analyse this problem in the context of the modern literature on the middle-income trap. The social, political and economic history of Chile between 1875 and 1939 is examined and the presence of most of the factors associated with the middle-income trap is found. We complement this narrative through a quantitative analysis based on the synthetic control method and argue that the process of state-led industrialisation undertaken in the country leading to the formation of CORFO was a key economic and political event. Our work presents some general lessons for developing countries facing a similar context.
{"title":"ANOTHER CASE OF THE MIDDLE-INCOME TRAP: CHILE, 1900–1939","authors":"J. P. Couyoumdjian, Cristián Larroulet, Diego A. Díaz","doi":"10.1017/S0212610920000221","DOIUrl":"https://doi.org/10.1017/S0212610920000221","url":null,"abstract":"ABSTRACT This paper studies the evolution of the Chilean economy in the late 19th and early 20th century, a period when the country's convergence with developed countries came to an end. We analyse this problem in the context of the modern literature on the middle-income trap. The social, political and economic history of Chile between 1875 and 1939 is examined and the presence of most of the factors associated with the middle-income trap is found. We complement this narrative through a quantitative analysis based on the synthetic control method and argue that the process of state-led industrialisation undertaken in the country leading to the formation of CORFO was a key economic and political event. Our work presents some general lessons for developing countries facing a similar context.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"40 1","pages":"5 - 33"},"PeriodicalIF":1.0,"publicationDate":"2020-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0212610920000221","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44273987","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-11-13DOI: 10.1017/S0212610920000233
J. Devereux
ABSTRACT Six decades ago, Cuba initiated a momentous social and economic experiment. This paper documents the effects of the experiment on Cuban living standards. Before the revolution, Cuban income per capita was on a par with Ireland or Finland. Indeed, Cuba was one of the richest of the Spanish-speaking societies. Growth is glacially slow after the revolution as GDP per capita increased by 40 per cent between 1957 and 2017 equal to an annual growth rate of 0.6 per cent—among the lowest anywhere. To be sure, other dimensions of well-being such as education and health improved, yet broader welfare measures do not change the conclusion that the revolution impoverished Cuba relative to any plausible counter factual.
{"title":"THE ABSOLUTION OF HISTORY: CUBAN LIVING STANDARDS AFTER 60 YEARS OF REVOLUTIONARY RULE","authors":"J. Devereux","doi":"10.1017/S0212610920000233","DOIUrl":"https://doi.org/10.1017/S0212610920000233","url":null,"abstract":"ABSTRACT Six decades ago, Cuba initiated a momentous social and economic experiment. This paper documents the effects of the experiment on Cuban living standards. Before the revolution, Cuban income per capita was on a par with Ireland or Finland. Indeed, Cuba was one of the richest of the Spanish-speaking societies. Growth is glacially slow after the revolution as GDP per capita increased by 40 per cent between 1957 and 2017 equal to an annual growth rate of 0.6 per cent—among the lowest anywhere. To be sure, other dimensions of well-being such as education and health improved, yet broader welfare measures do not change the conclusion that the revolution impoverished Cuba relative to any plausible counter factual.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"39 1","pages":"5 - 36"},"PeriodicalIF":1.0,"publicationDate":"2020-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1017/S0212610920000233","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41664136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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