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2022-11-01

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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/197528

Trade globalization and social spending in Spain, 1850-2000

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https://doi.org/10.1093/ereh/heac006

Abstract

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-bottom hypothesis find some empirical support: the final outcome depends on fiscal capacity.

Subject

Globalització (Economia), Despesa pública, Política social, Econometria, Administració fiscal

Subject (English)

Globalization (Economics), Public expenditures, Social policy, Econometrics, Tax administration and procedure

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Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)

Citation

ESPUELAS BARROSO, Sergio. Trade globalization and social spending in Spain, 1850-2000. European Review of Economic History. 2022. Vol. 26, num. 4, pags. 555-578. ISSN 1361-4916. [consulted: 16 of June of 2026]. Available at: https://hdl.handle.net/2445/197528

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