Development Policy Decision-Making in Democratic Spain

Part of the International Economic Association Series book series (IEA)


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.


Monetarist Policy Union Membership Wage Increase Macroeconomic Policy Institutional Constraint 
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Copyright information

© International Economic Association 1995

Authors and Affiliations

  1. 1.CSICBarcelonaSpain
  2. 2.Universidad Carlos IIIMadridSpain

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