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    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Prados de la Escosura, Leandro Rosés, Joan R. and Sanz-Villarroya, Isabel 2012. Economic reforms and growth in Franco's Spain,. Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Vol. 30, Issue. 01, p. 45.

    Corrado, Charles J. 2011. Event studies: A methodology review. Accounting & Finance, Vol. 51, Issue. 1, p. 207.

    Prados de la Escosura, Leandro and Rosés, Joan R. 2010. Research in Economic History.

    Sicotte, Richard Vizcarra, Catalina and Wandschneider, Kirsten 2010. Military conquest and sovereign debt: Chile, Peru and the London bond market, 1876–1890. Cliometrica, Vol. 4, Issue. 3, p. 293.


American Military Interests and Economic Confidence in Spain under the Franco Dictatorship

  • Oscar Calvo-Gonzalez (a1)
  • DOI:
  • Published online: 01 September 2007

The security of property rights is fragile under dictatorships. This is particularly so if economic agents are uncertain as to whether the regime will last. As a result, private investment is withheld and economic performance is poor. Spain was in such a situation after World War II. However, as the Cold War intensified the United States became interested in Spain as a military ally, thereby helping to consolidate Franco's regime. This led to an increase in economic confidence and helps to explain why economic growth resumed in Spain ahead of significant changes in its autarkic economic policies.

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The Journal of Economic History
  • ISSN: 0022-0507
  • EISSN: 1471-6372
  • URL: /core/journals/journal-of-economic-history
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