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Statistics of Spain's Colonial Trade, 1747–1820: New Estimates and Comparisons with Great Britain

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  • Cuenca-Esteban, Javier

Abstract

New estimates of Spain's current-account balance with the «Indies» add new perspectives to the recent debate on the aims and results of Spanish commercial policy. At the height of «comercio libre» in 1784–92, Spain's private commercial interests appear to have drawn larger financial returns from the Indies than did their British counterparts from wider colonial engagement. On this as on other scores, by the eve of the French wars the Spanish empire appears to have become a sounder economic proposition than might be inferred from recent pessimistic views. The empire's subsequent demise may have involved a greater degree of geographical and dynastic accident than is seemingly apparent.

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  • Cuenca-Esteban, Javier, 2008. "Statistics of Spain's Colonial Trade, 1747–1820: New Estimates and Comparisons with Great Britain," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 26(3), pages 323-354, January.
    • Handle: RePEc:cup:reveco:v:26:y:2008:i:03:p:323-354_00
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    Cited by:

    1. Federico Pablo-Martí & Ángel Alañón-Pardo & Angel Sánchez, 2021. "Complex networks to understand the past: the case of roads in Bourbon Spain," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 15(3), pages 477-534, September.
    2. Irigoin, Alejandra, 2018. "Global silver: bullion or specie? Supply and demand in the making of the early modern global economy," Economic History Working Papers 90190, London School of Economics and Political Science, Department of Economic History.

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