The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/26870 |
Resumo: | Newly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders but one of its least successful growth records. Was the empire a blessing or a drag to the economy? Using an estimated dynamic model, we conclude that intercontinental trade had a substantial and increasingly positive impact on economic growth. In the heyday of colonial expansion, eliminating the economic links to empire would have reduced Portugal’s per capita income by at least a fifth. While the empire helped the domestic economy, it was not sufficient to annul the tendency of the latter toward decline in relation to Europe’s advanced core, which began to set in from the seventeenth century onward, but only became definite after 1800. We conclude that the explanation for Portugal’s long-term backwardness must be sought primarily in domestic conditions. |
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The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800Economic HistoryEconomic GrowthColonial ExpansionPortuguese EmpireMacroestatisticsNewly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders but one of its least successful growth records. Was the empire a blessing or a drag to the economy? Using an estimated dynamic model, we conclude that intercontinental trade had a substantial and increasingly positive impact on economic growth. In the heyday of colonial expansion, eliminating the economic links to empire would have reduced Portugal’s per capita income by at least a fifth. While the empire helped the domestic economy, it was not sufficient to annul the tendency of the latter toward decline in relation to Europe’s advanced core, which began to set in from the seventeenth century onward, but only became definite after 1800. We conclude that the explanation for Portugal’s long-term backwardness must be sought primarily in domestic conditions.Oxford University PressRepositório da Universidade de LisboaCosta, Leonor FreirePalma, NunoReis, Jaime2023-01-13T19:03:43Z20142014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/26870engFreire, Leonor Costa; Nuno Palma and Jaime Reis .(2014). “The great escape? The contribution of the empire to Portugal’s economic growth, 1500–1800”. European Review of Economic History, Vol. 19, No 1: pp. 1–22.10.1093/ereh/heu019info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:56:17Zoai:www.repository.utl.pt:10400.5/26870Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:10:26.018888Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 |
title |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 |
spellingShingle |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 Costa, Leonor Freire Economic History Economic Growth Colonial Expansion Portuguese Empire Macroestatistics |
title_short |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 |
title_full |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 |
title_fullStr |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 |
title_full_unstemmed |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 |
title_sort |
The great escape? : The contribution of the empire to Portugal’s economic growth, 1500–1800 |
author |
Costa, Leonor Freire |
author_facet |
Costa, Leonor Freire Palma, Nuno Reis, Jaime |
author_role |
author |
author2 |
Palma, Nuno Reis, Jaime |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Costa, Leonor Freire Palma, Nuno Reis, Jaime |
dc.subject.por.fl_str_mv |
Economic History Economic Growth Colonial Expansion Portuguese Empire Macroestatistics |
topic |
Economic History Economic Growth Colonial Expansion Portuguese Empire Macroestatistics |
description |
Newly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders but one of its least successful growth records. Was the empire a blessing or a drag to the economy? Using an estimated dynamic model, we conclude that intercontinental trade had a substantial and increasingly positive impact on economic growth. In the heyday of colonial expansion, eliminating the economic links to empire would have reduced Portugal’s per capita income by at least a fifth. While the empire helped the domestic economy, it was not sufficient to annul the tendency of the latter toward decline in relation to Europe’s advanced core, which began to set in from the seventeenth century onward, but only became definite after 1800. We conclude that the explanation for Portugal’s long-term backwardness must be sought primarily in domestic conditions. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014 2014-01-01T00:00:00Z 2023-01-13T19:03:43Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/26870 |
url |
http://hdl.handle.net/10400.5/26870 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Freire, Leonor Costa; Nuno Palma and Jaime Reis .(2014). “The great escape? The contribution of the empire to Portugal’s economic growth, 1500–1800”. European Review of Economic History, Vol. 19, No 1: pp. 1–22. 10.1093/ereh/heu019 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Oxford University Press |
publisher.none.fl_str_mv |
Oxford University Press |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131201308459008 |