2019
DOI: 10.1017/s0022050719000056
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From Convergence to Divergence: Portuguese Economic Growth, 1527–1850

Abstract: 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 185… Show more

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Cited by 85 publications
(36 citation statements)
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“…Maddison's pathbreaking study has stimulated much progress in historical national accounting for medieval and early modern Europe, with annual estimates now available back as far as 1300 for Britain, the Netherlands, Italy, Spain, Sweden and France and back to 1500 for Portugal and Germany (Broadberry et al, 2015a;van Zanden and van Leeuwen, 2012;Malanima, 2011;Álvarez-Nogal and Prados de la Escosura, 2013;Schön and Kranz, 2012;Krantz, 2017;Ridolfi, 2017;Pfister, 2015;Palma and Reis, 2017). For Asia, progress has been rather slower, as there is less of a tradition of collecting data and processing it within an economic framework on which to build.…”
Section: Introductionmentioning
confidence: 99%
“…Maddison's pathbreaking study has stimulated much progress in historical national accounting for medieval and early modern Europe, with annual estimates now available back as far as 1300 for Britain, the Netherlands, Italy, Spain, Sweden and France and back to 1500 for Portugal and Germany (Broadberry et al, 2015a;van Zanden and van Leeuwen, 2012;Malanima, 2011;Álvarez-Nogal and Prados de la Escosura, 2013;Schön and Kranz, 2012;Krantz, 2017;Ridolfi, 2017;Pfister, 2015;Palma and Reis, 2017). For Asia, progress has been rather slower, as there is less of a tradition of collecting data and processing it within an economic framework on which to build.…”
Section: Introductionmentioning
confidence: 99%
“…Forsyth andNicholas (1983), andDrelichman (2005a), argue along these lines, though more work would be welcome, using data on exchange rates, exports, and a sectoral breakdown of industries into tradable and non-tradable kinds, including at the local level. Portugal's economic activity also boomed during the initial period of growth in Brazilian gold production, but incomes then steadily declined from the mid-eighteenth century onwards, as the percentage of the population working outside agriculture declined from 46.5% in 1750 to 33.1% in 1850 (Palma and Reis 2019).…”
Section: Recent Work Using Alternative Baskets For the Calculation Of Inflation Rates Confirmsmentioning
confidence: 99%
“…The participation of women in the mid-eighteenth century Portuguese economy and in particular of self-employed married women and widows cannot be dissociated from the fact that in Portugal the period under examination was rather prosperous (Palma and Reis 2019).…”
Section: Marital Status and Women's Labour Relationsmentioning
confidence: 99%