The paper analyzes total factor productivity (TFP) growth during the period 1929–1944 and its importance as a source of growth in Mexican manufacturing. The analysis of the industry is done at sector level. The paper task focuses on the estimation of TFP growth, and this is done using Harberger's methodology named the Two Deflator Method (2D), whose main characteristic is the realization that the amount of information required to compute the TFP growth rate is much more manageable compared to traditional methods, besides being a very robust and easily applicable method. In addition, the paper presents an empirical analysis to support the thesis that total factor productivity advance was one of the main causes to explain import substitution and growth in manufacturing during the period 1929–1939.

Over the past two decades it has been questioned whether the electric utility industry is a natural monopoly. Electricity generation is no longer considered a natural monopoly and the topic is debated in relation to electricity distribution. This article explores the main contributions in this field in order to apply their findings to the Spanish Electric Utility Industry in the inter-war period. The study focuses on one of the major Spanish companies, Sociedad Hidroeléctrica Española, and shows that generation, transmission and distribution of electricity were. natural monopolies. The results indicate that the monopolistic structure which the inter-war electric utility industry exhibited was the optimal form of organisation.

This paper analyses the demographic decline experienced by Spain's 84 main mountainous districts, which cover more than 20 per cent of the national surface and had 15 per cent of the country's total population in 1860. In Spain, mountain depopulation took place later than in other, more advanced European countries. However, once it started, the process was very intense in comparative perspective. Depopulation became a general phenomenon during the second half of the twentieth century as a consequence of significant shortcomings in rural welfare – these shortcomings were related in turn to low degrees of economic diversification and high levels of pertalty on the access to basic equipment and services. Furthermore, depopulation acted as a mechanism for economic selection because it contributed to the disappearance of the traditional peasant economy and the «default» emergence of more diversified patterns.

In this paper we apply three different statistical procedures to the peseta/dollar exchange rate with the aim of discovering the true foreign exchange regime followed by the monetary authorities during the 1965–1998 period. The study's perspective emphasizes the divergence between de jure and defacto exchange regimes. The results seem to imply that the peseta, as well as other currencies, did not exhibit the floating regime that de jure had in relation to the US dollar in the last three decades of its existence. On the contrary, the peseta/dollar exchange rate moved within rather narrow fluctuation bands during those years.

This article examines a case study of profound agricultural transformations along the Early Modern Age. Around the protoindustrial town of Alcoi there was an intense process of substitution of cultivations that altered the physiognomy of the rural activities of an area traditionally considered as poor from the agrarian point of view. The catalogue of these changes is substantial: the substitution of wheat for barley, the early introduction of corn and its strong spread, the advance of the cultivation of vine, and, finally, the adoption of crop rotations in the irrigable area that was part of a limited extension of land, though significant for a mountainous area. Throughout the text these changes are described and explained, keeping in mind the proto-industrial framework in which they appear, as well as their context in the Valencián and Spanish environment.