Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain
February 28, 2023
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This paper uses firm-level data that covers over 1.2 million Spanish firms during the period of 2003-2019 to provide an updated assessment of the drivers of labor productivity in the Spanish economy, focusing on both TFP and firm investment. The empirical analysis shows significant differences in production constraints in both the capital market and the labor market, across firm size and age. This paper also includes a review of Spain’s ambitious reform commitments under the Recovery, Transformation and Resilience Plan and concludes with recommendations for further action.
Subject: International organization, Labor, Labor markets, Labor productivity, Monetary policy, Production, Productivity, Total factor productivity
Keywords: competition, Europe, financial constraint, firm size, firm-level data, Global, I. data coverage, Labor markets, Labor productivity, labor productivity dynamics, labor regulation, optimization problem, Productivity, support measure, Total factor productivity
Pages:
24
Volume:
2023
DOI:
Issue:
012
Series:
Selected Issues Paper No. 2023/012
Stock No:
SIPEA2023012
ISBN:
9798400235634
ISSN:
2958-7875
