Industrialization and competitiveness: the Santander-based trade (1895-1930)

Authors

  • Patricio Pérez Universidad de Cantabria

DOI:

https://doi.org/10.1344/rhi.v1i23.19467

Keywords:

Industrialization, Trade, Competitiveness, Regional Analysis

Abstract

This paper presents an analysis of trade (home trade and foreign trade) through Santander along the period 1895-1930, and its relationship with the regional economy. We find shifts in the pattern of specialization, arising from labor unit costs and trading rules, those overall benefitting internal national goods. Furthermore, we provide some estimates of the factors determining the coasting-trade exports in a panel data analysis. The results of the estimation confirm the positive effect of traditional theory variables as external demand and relative price/cost; and moreover, the sensitivity to the import goods, as a proxy of externalities variables. Testing this hypothesis allows us to contribute with some new findings. Some improvements with respect former Spanish regional studies are the robustness of the long run relationships to the estimation methods

Published

2017-07-18

Issue

Section

Articles