The 'Iberian Tigers' Versus the 'Celtic Tiger': Economic Growth Paths in an Economic History Perspective

FEUNL Working Paper Series, No. 416

30 Pages Posted: 13 Aug 2002

See all articles by Tiago Sequeira

Tiago Sequeira

University of the Interior of Beira - Department of Management and Economics; Universidade Nova de Lisboa (UNL) - Economics Department

Date Written: 2002

Abstract

The years following the Second World War are those of greatest economic growth in Europe. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world. Since 1973, with petroleum crashes, the process of growth has slowed in Europe, but it was only after 1985 that Ireland began to grow at impressive rates. We review, in an economic history perspective, the implications of the institutional environment and the economic policy decisions. We also address the consequences and plausible explanations for the different growth paths of those countries and revisit the puzzle of slow Irish growth until the middle eighties.

Keywords: Second World War, Economic Growth, Convergence, Periphery, Europe, Ireland, Portugal, Spain

JEL Classification: N10, N14, O11

Suggested Citation

Sequeira, Tiago, The 'Iberian Tigers' Versus the 'Celtic Tiger': Economic Growth Paths in an Economic History Perspective (2002). FEUNL Working Paper Series, No. 416. Available at SSRN: https://ssrn.com/abstract=321023 or http://dx.doi.org/10.2139/ssrn.321023

Tiago Sequeira (Contact Author)

University of the Interior of Beira - Department of Management and Economics ( email )

Estrada do Sineiro
6200-209 Covilha
Portugal

Universidade Nova de Lisboa (UNL) - Economics Department ( email )

Campus de Campolide
Lisboa, 1099-032
Portugal

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