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Productividad y equidad en la economía española desde una perspectiva internacional (1995 – 2009)
[Productivity and equity in the Spanish economy from an international perspective (1995-2009)]

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  • Fuentes Castro, Daniel

Abstract

This paper analyzes the productivity of the Spanish economy in relation to the five major European economies and also the allocation of primary income between capital and labor factors. The evolution of productivity in the Spanish economy is weak compared to the European context. Furthermore, it is also necessary to point out that equity in the allocation of primary income has deteriorated significantly over the past fifteen years. We conclude that labor income in the Spanish economy have not benefited from economic growth in the ten years prior to the 2008 crisis. In addition, Spain is the country among the big five European economies in which the contraction of national income associated with the crisis has been the most related to a drop in the compensation of employees.

Suggested Citation

  • Fuentes Castro, Daniel, 2011. "Productividad y equidad en la economía española desde una perspectiva internacional (1995 – 2009) [Productivity and equity in the Spanish economy from an international perspective (1995-2009)]," MPRA Paper 51611, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51611
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    References listed on IDEAS

    as
    1. Angel Estrada & J. López-Salido, 2004. "Sectoral and aggregate technology growth in Spain," Spanish Economic Review, Springer;Spanish Economic Association, vol. 6(1), pages 3-27, April.
    2. Erwin Diewert, 2000. "The Challenge of Total Factor Productivity," International Productivity Monitor, Centre for the Study of Living Standards, vol. 1, pages 45-52, Fall.
    3. M. Ishaq Nadiri & Ingmar Prucha, 2001. "Dynamic Factor Demand Models and Productivity Analysis," NBER Chapters, in: New Developments in Productivity Analysis, pages 103-172, National Bureau of Economic Research, Inc.
    4. Morrison, Catherine J., 1986. "Productivity measurement with non-static expectations and varying capacity utilization : An integrated approach," Journal of Econometrics, Elsevier, vol. 33(1-2), pages 51-74.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Renta; Empleo; Crecimiento económico; Remuneración;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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