## Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain

_Selected Issues Papers, February 28, 2023_

## Source details

**Canonical URL:** [Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain](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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## Bibliographic details
- Authors: Nicolas Arregui, Yu Shi
- Published: February 28, 2023
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798400235634.018

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### Data and scope
- 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.

### Key empirical findings
- 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.

### Review of reforms and policy recommendations
- 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).

### Subjects and keywords
- 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.

*Source: Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain, Selected Issues Papers, February 28, 2023.*

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_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2023/02/28/labor-productivity-dynamics-in-spain-a-firm-level-perspective-spain-530373_