A Political Economy of Spain

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Focusing on Spain's capitalist development from the 20th century to the early 21st century, this study by economist György Simon, Jr. examines the "Spanish economic miracle," its decline, and the impacts of EU membership and the euro zone. Utilizing historical national accounts and a 70-year econometric analysis, the author highlights the significance of manufacturing and foreign direct investment in GDP growth. Theoretical frameworks include an endogenous growth model that integrates technical progress, physical and human capital, and the dynamics of creative economic activity.