Álvarez-Nogal, Carlos; Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2011
Two distinctive regimes are distinguished in Spain over half-a-millennium. A first one (1270s-1590s) corresponds to a … and densely populated low-wage economy which grew along a lower path. Contrary to preindustrial Western Europe, Spain … had a more damaging impact on Spain and, far from releasing non-existent demographic pressure, destroyed the equilibrium …