Abstract
The Spanish experience does not seem to show a unilinear relationship between democracy and economic development. Under the dictatorship of General Franco, Spain experienced a deep recession in the 1940s, as well as the fastest economic growth in contemporary Spanish history in the 1960s. Democracy has also been compatible with both a bitter recession, from the mid-1970s to the mid-1980s, and visible expansion in the second half of the 1980s, as shown in Table 6.1.
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© 1995 International Economic Association
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Colomer, J.M., Ruiz-Castillo, J. (1995). Development Policy Decision-Making in Democratic Spain. In: Bagchi, A.K. (eds) Democracy and Development. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24076-0_6
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DOI: https://doi.org/10.1007/978-1-349-24076-0_6
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