Foreign trade and economic growth in Spain (1900–2012): the role of energy imports
Metadata
Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONThis resource is restricted
http://dx.doi.org/10.1007/s40888-015-0021-z |
Metadata
Title
Foreign trade and economic growth in Spain (1900–2012): the role of energy importsDate
2015Publisher
Springer International Publishing; Società Editrice il MulinoISSN
1120-2890; 1973-820XType
info:eu-repo/semantics/articlePublisher version
http://link.springer.com/article/10.1007%2Fs40888-015-0021-zSubject
Abstract
We take a long-term perspective (1900–2012) to examine the causal relationship between foreign trade and economic growth for Spain. Results from both Johansen’s (J Econ Dyn Control 12:231–254, 1988) and Toda and ... [+]
We take a long-term perspective (1900–2012) to examine the causal relationship between foreign trade and economic growth for Spain. Results from both Johansen’s (J Econ Dyn Control 12:231–254, 1988) and Toda and Yamamoto’s (J Econom 66:225–250, 1995) methodologies are quite consistent. For the first six decades of the 20th century, a sub-period characterised by an inward oriented trade policy, we find that growth is fairly independent of foreign trade. This outcome contrasts with findings for the sub-period after the Stabilisation and Liberalisation Plan (1959), where a causal network among variables is supported. We find that both exports and energy imports have been a direct cause of the growth experienced since the sixties. Empirical results from Toda and Yamamoto suggest that the rest of the imports may have also played an important role but after the incorporation of Spain into the European Community (1986). [-]
Is part of
Economia Politica, 2015, vol. 32, núm. 3Rights
© Springer International Publishing Switzerland 2015
© Springer International Publishing AG, Part of Springer Science+Business Media
"The final publication is available at Springer via http://dx.doi.org/10.1007/s40888-015-0021-z"
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/restrictedAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/restrictedAccess
This item appears in the folowing collection(s)
- IEI_Articles [116]
- ECO_Articles [693]