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From Convergence to Divergence: Portuguese Economic Growth, 1527–1850
We construct the first time-series for Portugal’s per capita GDP for 1527–1850, drawing on a new database. Starting in the early 1630s there was a highly persistent upward trend which accelerated after 1710 and peaked 40 years later. At that point, per capita income was high by European standards, t...
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| Published in: | The Journal of economic history 2019-06, Vol.79 (2), p.477-506 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c480t-11f791de45d99a840bbc92af8124303194608e5bac19b30cf62c820bcc7ed1973 |
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| cites | cdi_FETCH-LOGICAL-c480t-11f791de45d99a840bbc92af8124303194608e5bac19b30cf62c820bcc7ed1973 |
| container_end_page | 506 |
| container_issue | 2 |
| container_start_page | 477 |
| container_title | The Journal of economic history |
| container_volume | 79 |
| creator | Palma, Nuno Reis, Jaime |
| description | We construct the first time-series for Portugal’s per capita GDP for 1527–1850, drawing on a new database. Starting in the early 1630s there was a highly persistent upward trend which accelerated after 1710 and peaked 40 years later. At that point, per capita income was high by European standards, though behind the most advanced Western European economies. But as the second half of the eighteenth century unfolded, a phase of economic decline was initiated. This continued into the nineteenth century, and by 1850 per capita incomes were not different from what they had been in the early 1530s. |
| doi_str_mv | 10.1017/S0022050719000056 |
| format | article |
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| ispartof | The Journal of economic history, 2019-06, Vol.79 (2), p.477-506 |
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| language | eng |
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| source | International Bibliography of the Social Sciences (IBSS); Social Science Premium Collection; ABI/INFORM Global; Cambridge University Press |
| subjects | 16th century 18th century 19th century Accounting Agriculture Auditing procedures Consumption Convergence Economic decline Economic growth Economic history GDP Gross Domestic Product Macroeconomics Metric system Per capita Population Prices Wages & salaries |
| title | From Convergence to Divergence: Portuguese Economic Growth, 1527–1850 |
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