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RESEARCH PRODUCT

A Potted History: Spain 1860–2015

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This chapter aims to supply a synthetic view of the historical process of economic development in Spain broken down into major stages. Rather than examine it from all angles, the text concentrates on changes involving the elements highlighted in economic theory and empirical works, that is, the rate at which the Spanish economy advanced, the evolution of its production structure and sector employment, and the degree of integration of the goods and factor markets and the effects of this in both national and supranational terms. So as to give a stylized view of the process, the analysis is carried out on the basis of four major stages into which we divide the period of study: 1860–1910, 1910–1950, 1950–1980, 1980–2015.