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The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective

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  • Tiago Neves Sequeira

    (Departamento de Gestão e Economia - Universidade da Beira Interior & Faculdade de Economia - Universidade Nova de Lisboa)

Abstract

The years following the Second World War were those of the greatest economic growth that Europe had ever seen. 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 down 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 middle eighties.

Suggested Citation

  • Tiago Neves Sequeira, 2003. "The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective," Economic History 0309002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpeh:0309002
    Note: Type of Document - pdf; prepared on IBM PC - PC-TEX; to print on HP/PostScript/Franciscan monk; pages: 30 ; figures: included
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    References listed on IDEAS

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    More about this item

    Keywords

    Second World War; Economic Growth; Convergence; Europe; Ireland; Portugal; Spain;
    All these keywords.

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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