Spain: Selected Issues

June 14, 2006

Summary

This Selected Issues paper quantifies the macroeconomic effects of fiscal policy in Spain, focusing on the external sector. It describes the stylized facts of the Spanish economy and presents an econometric analysis. It examines Spain’s growth and productivity performance in relation to a broad sample of peer economies with an emphasis on recent trends and growth implications. It also employs growth accounting and discusses the productivity lag of Spain.

Subject: Balance of payments, Capital productivity, Current account, Expenditure, Foreign exchange, Production, Productivity, Real exchange rates, Total factor productivity

Keywords: B. productivity growth accounting, Capital productivity, CR, Current account, current account balance, current account deterioration, expenditure, GDP, government expenditure, ISCR, Productivity, productivity gap, productivity performance, productivity-enhancing reform, Real exchange rates, right, Total factor productivity, widening current account deficit

Pages:
44
Volume:
2006
DOI:
https://doi.org/10.5089/9781451812169.002
Issue:
213
Series:
Country Report No. 2006/213
Stock No:
1ESPEA2006004
ISBN:
9781451812169
ISSN:
1934-7685

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