Trade globalization and social spending in Spain, 1850–2000
S Espuelas - European Review of Economic History, 2022 - academic.oup.com
Between 1850 and 2000, Spanish trade openness experienced major changes. What was
the impact on social spending? The econometric results suggest that globalization effect
was conditional on fiscal capacity. When fiscal capacity was high (after the 1960s), trade
openness had a positive effect on social spending. However, when fiscal capacity was low,
trade openness effect was negative. The results are robust to alternative measures of fiscal
capacity and consistent with a placebo test. Both the compensation effect and the race-to-the …
the impact on social spending? The econometric results suggest that globalization effect
was conditional on fiscal capacity. When fiscal capacity was high (after the 1960s), trade
openness had a positive effect on social spending. However, when fiscal capacity was low,
trade openness effect was negative. The results are robust to alternative measures of fiscal
capacity and consistent with a placebo test. Both the compensation effect and the race-to-the …
Trade globalization and social spending in Spain, 1850-2000
S Espuelas Barroso - UB Economics–Working Papers, 2021, E21 …, 2021 - diposit.ub.edu
Between 1850 and 2005, Spain experienced major changes in its trade orientation,
combining periods of intense trade protectionism with periods of high trade openness. What
was the impact on social spending? The econometric results suggest that globalization
effect in 1850-2000 Spain has been conditional on fiscal capacity. When fiscal capacity has
been high, trade openness has had a positive effect. However, when fiscal capacity has
been low, trade-openness effect on social spending has been negative. The results are …
combining periods of intense trade protectionism with periods of high trade openness. What
was the impact on social spending? The econometric results suggest that globalization
effect in 1850-2000 Spain has been conditional on fiscal capacity. When fiscal capacity has
been high, trade openness has had a positive effect. However, when fiscal capacity has
been low, trade-openness effect on social spending has been negative. The results are …
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