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From Convergence to Divergence: Portuguese Economic Growth, 1527–1850

Palma, Nuno ; Reis, Jaime

The Journal of economic history, 2019-06, Vol.79 (2), p.477-506 [Periódico revisado por pares]

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Título:
From Convergence to Divergence: Portuguese Economic Growth, 1527–1850
Autor: Palma, Nuno ; Reis, Jaime
Assuntos: 16th century ; 18th century ; 19th century ; Accounting ; Agriculture ; Auditing procedures ; Consumption ; Convergence ; Economic decline ; Economic growth ; Economic history ; First time ; GDP ; Gross Domestic Product ; Macroeconomics ; Metric system ; Per capita ; Population ; Prices ; Wages & salaries
É parte de: The Journal of economic history, 2019-06, Vol.79 (2), p.477-506
Descrição: 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.
Editor: New York, USA: Cambridge University Press
Idioma: Inglês

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