{
  "title": "Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain",
  "publication": "Selected Issues Papers, February 28, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2023/02/28/labor-productivity-dynamics-in-spain-a-firm-level-perspective-spain-530373",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Data and scope",
      "content": "- Uses firm-level data that covers over 1.2 million Spanish firms during the period of 2003-2019.\n- Focuses on drivers of labor productivity in the Spanish economy, emphasizing both TFP and firm investment.\n- Paper length: 24 pages.\n- Publication date: February 28, 2023.\n- Authors: Nicolas Arregui, Yu Shi.\n- Series: Selected Issues Paper No. 2023/012.\n- Issue: 012; Volume: 2023.\n- DOI: https://doi.org/10.5089/9798400235634.018.\n- ISBN: 9798400235634.\n- ISSN: 2958-7875.\n- Stock No: SIPEA2023012."
    },
    {
      "heading": "Key empirical findings",
      "content": "- The empirical analysis shows significant differences in production constraints in both the capital market and the labor market across firm size and age.\n- Analysis centers on total factor productivity (TFP) and firm investment as core drivers of labor productivity dynamics."
    },
    {
      "heading": "Review of reforms and policy recommendations",
      "content": "- Includes a review of Spain’s reform commitments under the Recovery, Transformation and Resilience Plan.\n- Concludes with recommendations for further action (specific recommendations are presented in the paper)."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject tags: International organization, Labor, Labor markets, Labor productivity, Monetary policy, Production, Productivity, Total factor productivity.\n- 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.\n\nSource: Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain, Selected Issues Papers, February 28, 2023.\n\n---\n\n Content in this bundle\n\n- Sipea2023012\n  - Sipea2023012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sipea2023012 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2023/02/28/labor-productivity-dynamics-in-spain-a-firm-level-perspective-spain-530373"
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    "Authors: Nicolas Arregui, Yu Shi",
    "Published: February 28, 2023",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798400235634.018",
    "Uses firm-level data that covers over 1.2 million Spanish firms during the period of 2003-2019.",
    "Focuses on drivers of labor productivity in the Spanish economy, emphasizing both TFP and firm investment.",
    "Paper length: 24 pages.",
    "Publication date: February 28, 2023.",
    "Authors: Nicolas Arregui, Yu Shi.",
    "Series: Selected Issues Paper No. 2023/012.",
    "Issue: 012; Volume: 2023.",
    "DOI: https://doi.org/10.5089/9798400235634.018.",
    "ISBN: 9798400235634.",
    "ISSN: 2958-7875.",
    "Stock No: SIPEA2023012.",
    "The empirical analysis shows significant differences in production constraints in both the capital market and the labor market across firm size and age.",
    "Analysis centers on total factor productivity (TFP) and firm investment as core drivers of labor productivity dynamics.",
    "Includes a review of Spain’s reform commitments under the Recovery, Transformation and Resilience Plan.",
    "Concludes with recommendations for further action (specific recommendations are presented in the paper).",
    "Subject tags: 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.",
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