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Spain: a Success Story Shadowed Only By a Poor Productivity Performance

Author

Listed:
  • Matilde Mas

    (Universitat de Valencia and Ivie, matilde.mas@uv.es)

  • Javier Quesada

    (Universitat de Valencia and Ivie)

Abstract

Since joining the European Union in 1986, the performance of the Spanish economy has been quite remarkable, acting as a good example for new entrants of what can be accomplished in twenty years. Its ability to generate employment has been astonishing. Departing from an environment of very high unemployment (close to 25 per cent), Spain has become the country of destination most preferred by immigrants. However, it has also had a scant productivity performance. The main burden on productivity growth lies with the construction sector and almost all private service sectors with the unique exception of the financial sector. Most likely, over the next years, the continuity of the Spanish success will require a reversal of the sources of growth, shifting from labour creation to improvements in multifactor productivity.

Suggested Citation

  • Matilde Mas & Javier Quesada, 2007. "Spain: a Success Story Shadowed Only By a Poor Productivity Performance," National Institute Economic Review, National Institute of Economic and Social Research, vol. 200(1), pages 87-95, April.
    • Handle: RePEc:sae:niesru:v:200:y:2007:i:1:p:87-95
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    Citations

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    Cited by:

    1. International Monetary Fund, 2009. "Spain: Selected Issues," IMF Staff Country Reports 2009/129, International Monetary Fund.
    2. Alessandro Sterlacchini & Francesco Venturini, 2014. "R&D and Productivity in High-Tech Manufacturing: A Comparison between Italy and Spain," Industry and Innovation, Taylor & Francis Journals, vol. 21(5), pages 359-379, July.

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