The Spanish Infrastructure Stock, 1844-1935

This paper presents the first estimates of Spanish infrastructure stock and investment for the period 1845-1935. Several sources and techniques have been used in the estimation, and the new series are reasonably reliable to the standards of historical statistics. Two distinct periods may be distinguished in the series: the years before 1895 (characterized by the prominence of railroads) and the period 1895-1935 (when most investment was addressed to other assets). The new series allow a preliminary comparison of the Spanish infrastructure endowment with that of the most advanced countries, showing a gradual process of convergence before 1936.

Infrastructure and Economic Growth in Spain, 1845-1935

Between the mid-nineteenth century and the outbreak of the Spanish Civil War in 1936, Spain undertook a sustained process of economic growth and structural change, but was unable to converge with the core European economies.1 The reasons behind Spain"s failure to converge have been a subject of debate among historians for decades. 2 This dissertation aims to analyze the role played by infrastructure in Spanish economic growth during that period, and tries to find out to what extent the potential shortage or inadequacy of the Spanish infrastructure endowment was one of the factors to blame for the country"s nonconvergence. The dissertation draws on recent research on the economic impact of infrastructure, and on the numerous attempts to measure that impact which have been undertaken in the wake of David Aschauer"s work on the United States.

Infrastructure Investment and Spanish Economic Growth, 1850-1935

This paper analyzes the impact of infrastructure investment on Spanish economic growth between 1850 and 1935. Using new infrastructure data and VAR techniques, this paper shows that the growth impact of local-scope infrastructure investment was positive, but returns to investment in large nation-wide networks were not significantly different from zero. Two complementary explanations are suggested for the last result. On the one hand, public intervention and the application of non-efficiency investment criteria were very intense in large network construction. On the other hand, returns to new investment in large networks might have decreased dramatically once the basic links were constructed.

Potencialidad productiva y rendimientos cerealícolas en la agricultura catalana contemporánea (1820-1935

Sobre l'evolució dels rendiments agraris entre 1825-1935 a Catalunya

La surveillance bancaire belge de 1935 façonnée sur le modèle suisse: un discret transfert de politique publique?

Suite aux graves crises bancaires et financières qui ont secoué la plupart de sociétés occidentales au début des années 1930, on assiste à un foisonnement de réglementations publiques sur les activités bancaires. Parmi les très nombreux pays qui mettent en place des législations bancaires, l'on compte notamment la Suisse et la Belgique. Plus précisément, la loi fédérale suisse sur les banques de novembre 1934 précède de quelques mois l'arrêté royal belge no 185 de juillet 1935. Alors que le contexte historique et l'élaboration respective de chacune de ces réglementations ont déjà fait l'objet de plusieurs analyses, la comparaison et la question des éventuels liens entre ces deux régimes de surveillance bancaire très proches sont encore largement inexplorées. Une analyse détaillée du processus d'élaboration de la réglementation bancaire belge révèle que la loi suisse a joué un rôle de modèle mis en avant en premier chef par les représentants du monde bancaire. Cette influence helvétique a contribué à façonner la régulation bancaire dans une perspective libérale ; elle répondait ainsi à deux besoins essentiels: limiter l'interventionnisme étatique au minimum, et court-circuiter le pouvoir de la banque centrale. Cette parenté de naissance entre les deux lois bancaires trouve son pendant dans les activités clés deux organismes de surveillance créés pour l'occasion, la Commission fédérale des banques à Berne et la Commission bancaire à Bruxelles. Disposant toutes deux de moyens d'actions limités, ces deux instances ont connu des parcours analogues au cours de leurs premières années d'activité.

Early versus delayed application of Thomas splints in patients with isolated femur shaft fractures: The benefits quantified.

AIMS: To investigate and quantify the clinical benefits of early versus delayed application of Thomas splints in patients with isolated femur shaft fractures. MATERIALS AND METHODS: Level IV retrospective clinical and radiological analysis of patients presenting from January to December 2012 at a Level 1 Trauma Unit. All skeletally mature patients with isolated femur shaft fractures independently of their mechanism of injury were included. Exclusion criteria were: ipsilateral fracture of the lower limb, neck and supracondylar femur fractures, periprosthetic and incomplete fractures. Their clinical records were analysed for blood transfusion requirements, pulmonary complications, surgery time, duration of hospital stay and analgesic requirements. RESULTS: A total of 106 patients met our inclusion criteria. There were 74 males and 32 females. Fifty seven (54%) patients were in the 'early splinted' group and 49 patients (46%) were in the 'delayed splinted' group (P>0.05). The need for blood transfusion was significantly reduced in the 'early splinted' group (P=0.04). There was a significantly higher rate of pulmonary complications in the 'delayed splinted' group (P=0.008). All other parameters were similar between the two groups. CONCLUSION: The early application of Thomas splints for isolated femur fractures in non-polytraumatised patients has a clinically and statistically significant benefit of reducing the need for blood transfusions and the incidence of pulmonary complications.

En la mort de Francesc Ferrer Gironès (1935-2006)

Sobre la figura de Francesc Ferrer i Gironès