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Recent cyclical movements in the spanish productivity. An aggregate and sectoral analysis

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  • Andrés Maroto-Sánchez
  • Juan R. Cuadrado-Roura

Abstract

One of the most debated themes on the Spanish economy is the one related to productivity. While negative trends were observed during the time of expansion, its evolution has become much more positive during the recent years of strong economic and financial crisis. Additionally, this behaviour is contrary to that displayed by other European countries. For this reason, this paper aims to analyse the effects of the economic cycle on Spanish labour productivity from 1980 onwards, especially focusing on the characteristic industrial structure of our economy. We use data provided by the Conference Board and the Quarterly National Accounts (INE).

Suggested Citation

  • Andrés Maroto-Sánchez & Juan R. Cuadrado-Roura, 2013. "Recent cyclical movements in the spanish productivity. An aggregate and sectoral analysis," Working Papers 06/13, Instituto Universitario de Análisis Económico y Social.
    • Handle: RePEc:uae:wpaper:0613
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    File URL: http://www3.uah.es/iaes/publicaciones/DT_06_13.pdf
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    References listed on IDEAS

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    1. Zarnowitz, Victor & Ozyildirim, Ataman, 2006. "Time series decomposition and measurement of business cycles, trends and growth cycles," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1717-1739, October.
    2. Robert J. Gordon, 2003. "Hi-tech Innovation and Productivity Growth: Does Supply Create Its Own Demand?," NBER Working Papers 9437, National Bureau of Economic Research, Inc.
    3. Lucas, Robert E., 1977. "Understanding business cycles," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 5(1), pages 7-29, January.
    4. Victor Zarnowitz & Ataman Ozyildirim, 2001. "On the Measurement of Business Cycles and Growth Cycles," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 36(1), pages 37-54, January.
    5. Brunner, Karl & Meltzer, Allan H., 1977. "Stabilization of the domestic and international economy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 5(1), pages 1-6, January.
    6. Dimelis, Sophia P., 2001. "Inventory investment over the business cycle in the EU and the US," International Journal of Production Economics, Elsevier, vol. 71(1-3), pages 1-8, May.
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    Cited by:

    1. Fernández-Kranz, Daniel & Rodríguez-Planas, Núria, 2017. "The Perfect Storm: Graduating in a Recession in a Segmented Labor Market," IZA Discussion Papers 10597, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    Productivity; Business Cycle; HP Filter; Productive structure;
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