The Marshall Plan and the Spanish Postwar Economy: A Welfare Loss Analysis

@article{CarrascoGallego2012TheMP,
  title={The Marshall Plan and the Spanish Postwar Economy: A Welfare Loss Analysis},
  author={Jos{\'e} A. Carrasco-Gallego},
  journal={International Trade eJournal},
  year={2012}
}
This article uses historical fact as a natural experiment to measure a country's welfare loss from shifting from an allowed to a restricted trade situation, based on international trade theory. A welfare loss of 8 per cent of GDP is found. The evolution of domestic import and export prices in Spain in 1940–58 fits international trade theory assumptions. The main years of autarky are not those commonly considered, but 1947–55, marked by the exclusion of Spain from the Marshall Plan and the… 

Welfare gains of China’s WTO access: A note

The measurement of welfare brought about by trade environment change has long been a heated topic in international trade analysis. By utilizing compensating variation as in Grinols and Wong (1991)

Equivalence Gain of the Global Financial Crisis: A Note

By using the methodologies of Grinols (1984, Journal of International Economics, 16[3–4], 271–293) and Grinols and Wong (1991, Canadian Journal of Economics, 24[2], 428–449), we estimate the

eer Entrepreneurs , jobs , and trade

We propose a simple theory of endogenous firm productivity, unemployment, and top income inequality. High-talented individuals choose to become self-employed entrepreneurs and acquire more managerial

The Story of Struggle Madrid

The first in Europe - There is archival evidence suggesting that the Hilton Hotels Corporation had been looking for a project in Europe for a while (see Exhibit 2.1). The company was, by the end of

Economy: A Service-Based Specialization

  • F. Tapiador
  • Economics
    World Regional Geography Book Series
  • 2019
The Spanish economy has three major agents: Madrid, Catalonia, and the Basque Country. These three communities are those where the financial and economic centers are concentrated and generate the

Economic and social resilience accounts for the recovery of Ibiza’s tourism sector

Abstract Islands tend to offer almost everything needed to become a tourist destination, such as good weather, beaches and landscapes, but it also requires the provision of competitively priced

References

SHOWING 1-10 OF 35 REFERENCES

An Empirical Assessment of the Comparative Advantage Gains from Trade: Evidence from Japan

We provide an empirical assessment of the comparative advantage gains from trade argument. We use Japan's nineteenth-century opening up to world commerce as a natural experiment to answer the

Collateral Damage: Trade Disruption and the Economic Impact of War

Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of economic activity, especially international trade. We study the effects of war on

Spain and the Reconstruction of Western Europe, 1945-57: Challenge and Response

List of Tables and Figures Acknowledgements List of Abbreviations and Acronyms Key to Archival References Introduction PART ONE: TRADE VERSUS POLITICAL DISCRIMINATION, 1945-47 Spain's Contribution to

An exact measure of welfare change

This paper develops a measure of the change in welfare of a household or an economy due to exogenous shocks or policy changes. The measure can be applied in a wide range of economies, including those

The Marshall Plan Fifty Years Later: Three What-Ifs and a When

This paper considers the Marshall Plan from the standpoint of the theory of games and economic behavior. The paper defines the Marshall Plan in terms of its budget allocations and the strategy behind

The Management of the British Economy

The continual argument about the management of the British economy since the war has been confused by widespread misunderstanding, both about the effects of government measures and about the way in

The Marshall Plan. America, Britain, and the Reconstruction of Western Europe, 1947-1952

Introduction Toward the Marshall Plan: from New Era designs to New Deal synthesis 1. Searching for a 'creative peace': European integration and the origins of the Marshall Plan 2. Paths to plenty:

Europe's post-war recovery: “You've never had it so good?”: British economic policy and performance, 1945–60

Introduction The early 1990s provides an interesting vantage point from which to view Britain's post-war economic recovery. Both the events and the historiography of the recent past have led to