Álvarez-Nogal, Carlos; Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2011
Two distinctive regimes are distinguished in Spain over half-a-millennium. A first one (1270s-1590s) corresponds to a high land-labour ratio frontier economy, pastoral, trade-oriented, and led by towns. Wages and food consumption were relatively high. Sustained per capita growth occurred from...