Search

This paper uses Douglass North's theories of institutional economics to explain progress in Muslim Spain. It argues that it was efficient economic institutions in the guise of a free-market economy where the property rights of different strata of society were well protected, which ensured lasting prosperity. This paper postulates that while a population explosion could have been responsible for the initial growth in Spain, it was an efficient formal–informal institutional matrix that ensured a high level of long-term growth. [ABSTRACT FROM AUTHOR]

This paper describes the process of trade liberalisation experienced by the Spanish economy between 1960 and 2000. The path towards liberalisation involved progressive reductions of quantitative restrictions, which were replaced by border taxes. Over the period external openness grew, although along an irregular path. [ABSTRACT FROM AUTHOR]