Abstract. We introduce a new class VPSPACE of families of polynomials. Roughly speaking, a family of polynomials is in VPSPACE if its coefficients can be computed in polynomial space. Our main theorem is that if (uniform, constant-free) VPSPACE families can be evaluated efficiently then the class PARR of decision problems that can be solved in parallel polynomial time over the real numbers collapses to PR. As a result, one must first be able to show that there are VPSPACE families which are hard to evaluate in order to separate PR from NPR, or even from PARR.