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The Spanish Socialists in Power: Thirteen Years of Economic Policy

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  • Recio, Albert
  • Roca, Jordi

Abstract

This article analyses the economic policy in Spain during the governments of the Spanish Socialist Party, the PSOE (1982-96). It considers the different areas of economic policy such as monetary, exchange-rate, and industrial policy, with special emphasis on labour policy and welfare state issues. Taking into account the difficult economic situation in 1982, there were some important advances in social policy and progressive taxation during the 1980s. However, the main economic objective of the 1982 electoral programme, to reduce unemployment, failed: when the PSOE came to power, the unemployment rate was 16 percent, and when it left government the rate was over 22 percent. Moreover, in the opinion of the authors, the most negative element was the push to change the labour market, promoting the causalization of labour relations, eroding the trade unions and strengthening the power of employers. Copyright 1998 by Oxford University Press.

Suggested Citation

  • Recio, Albert & Roca, Jordi, 1998. "The Spanish Socialists in Power: Thirteen Years of Economic Policy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 14(1), pages 139-158, Spring.
    • Handle: RePEc:oup:oxford:v:14:y:1998:i:1:p:139-58
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    Cited by:

    1. Jesús Ferreiro & Carmen Gómez, 2008. "Is Wages Policy on the Agenda of Trade Unions Again? Voluntary Wage Moderation in Spain," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 29(1), pages 64-95, February.
    2. Pedro M. Rey-Araújo, 2020. "The Contradictory Evolution of “Mediterranean†Neoliberalism in Spain, 1995–2008," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(2), pages 287-311, June.

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