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: | 2013 |
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/10400.5/29754 |
Resumo: | Newly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders and at the same time one of its least successful growth records. Using an estimated model in the spirit of Allen (2009) 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 roughly a fifth. While the empire helped the domestic economy it was not sufficient to annul the tendency towards decline in relation to Europe’s advanced core which set in from the 17th century onwards. 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, 1500-1800The European Little DivergenceEarly Modern Economic GrowthEconomics of EmpiresNewly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders and at the same time one of its least successful growth records. Using an estimated model in the spirit of Allen (2009) 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 roughly a fifth. While the empire helped the domestic economy it was not sufficient to annul the tendency towards decline in relation to Europe’s advanced core which set in from the 17th century onwards. We conclude that the explanation for Portugal’s long-term backwardness must be sought primarily in domestic conditions.UNIVERSIDAD CARLOS III DE MADRID - DEPARTAMENTO DE HISTORIA ECONÓMICA E INSTITUCIONESRepositório da Universidade de LisboaCosta, Leonor FreirePalma, NunoReis, Jaime2024-01-10T12:03:22Z20132013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/29754engCosta, Leonor Freire; Nuno Palma and Jaime Reis .(2013). “The great escape? The contribution of the Empire to Portugal’s economic growth, 1500-1800”. UNIVERSIDAD CARLOS III DE MADRID - DEPARTAMENTO DE HISTORIA ECONÓMICA E INSTITUCIONES, Working Papers in Economic History, Number 13/2013. (Search PDF in 2023).info: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:RCAAP2024-01-14T01:32:04Zoai:www.repository.utl.pt:10400.5/29754Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:40:27.328507Repositório 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 The European Little Divergence Early Modern Economic Growth Economics of Empires |
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 |
The European Little Divergence Early Modern Economic Growth Economics of Empires |
topic |
The European Little Divergence Early Modern Economic Growth Economics of Empires |
description |
Newly assembled macroeconomic statistics for early modern Portugal reveal one of Europe’s most vigorous colonial traders and at the same time one of its least successful growth records. Using an estimated model in the spirit of Allen (2009) 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 roughly a fifth. While the empire helped the domestic economy it was not sufficient to annul the tendency towards decline in relation to Europe’s advanced core which set in from the 17th century onwards. We conclude that the explanation for Portugal’s long-term backwardness must be sought primarily in domestic conditions. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013 2013-01-01T00:00:00Z 2024-01-10T12:03:22Z |
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/10400.5/29754 |
url |
http://hdl.handle.net/10400.5/29754 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Costa, Leonor Freire; Nuno Palma and Jaime Reis .(2013). “The great escape? The contribution of the Empire to Portugal’s economic growth, 1500-1800”. UNIVERSIDAD CARLOS III DE MADRID - DEPARTAMENTO DE HISTORIA ECONÓMICA E INSTITUCIONES, Working Papers in Economic History, Number 13/2013. (Search PDF in 2023). |
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 |
UNIVERSIDAD CARLOS III DE MADRID - DEPARTAMENTO DE HISTORIA ECONÓMICA E INSTITUCIONES |
publisher.none.fl_str_mv |
UNIVERSIDAD CARLOS III DE MADRID - DEPARTAMENTO DE HISTORIA ECONÓMICA E INSTITUCIONES |
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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799136893501177856 |