The industrial production index of Catalonia. A new estimate (1817- 1935)
DOI:
https://doi.org/10.1344/rhi.v0i5.18231Abstract
This article examines the estimates of industrial output in Catalonia and presents an alternative series of annual data for the period 181 7-1935. In addition, new measurements of productivity trends of labor and energy are presented. It suggests that after acceleration of economic growth in the years 1840-1860, the industrial production increases were only moderate though sustained, remaining at approximately 3.0 % per year. No major progress was obtained because of the scarcity of energy and other natural resources, and the poverty of the Spanish market.
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