El Estado, la rigidez de los mercados y la convergencia en el siglo XX.
Abstract
This article studies the interventionist policy of Spanish governments and the effects of this policy on economic growth from the turn of the 20th century to the establishment of democracy in 1977. It examines the heavy state regulation and interventionism which restricted the flexibility of different product, services and production factors markets. After presenting a general overview, the article focuses on the study of intervention in three fundamental sectors: industry, the labor market and public services. It then analyzes the connection between market inflexibilities and the behavior of business owners, as well as the apparent paradox that marked government policy from 1900 to 1976: excessive regulation on one hand and scant public spending on the other. This paradox is essentially explained by the poverty of the Spanish Treasury as a result of traditional resistance to tax reforms until democracy was established in 1977.Downloads
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