Productivity picked up sharply after a long stagnation, increasing scope for inclusive growth. Recent structural reforms addressing fragmentation of product and service markets, simplifying business creation, and reforms of labour and financial markets have gone in the right direction. Increased competition, skills and innovation will also be needed.
Source: OECD June 2016 Economic Outlook database; OECD, Income Distribution and Poverty database; and OECD Secretariat calculations from EU-SILC – preliminary results.
Alonso-Borrego, C. (2010), “Firm Behavior, Market Deregulation and Productivity in Spain”, Bank of Spain Working Paper 1035.
Dolado, J., S. Ortigueira and R. Stuccchi, (2011), “Does dual employment protection affect TFP? Evidence from Spanish manufacturing firms”, IZA Discussion Paper 3832.
Fariñas, J.C., and S. Ruano (2004), “The dynamics of Productivity : A Decomposition Approach Using Distribution Functions”, Small Business Economics 22 (3-4): 237—251.
Hospido, L. and E. Moreno-Galbis (2015), "The Spanish Productivity Puzzle in the Great Recession", Bank of Spain Working Papers, no. 1501.
Mora Sanguinetti, J. S. and A. Fuentes (2012), “An Analysis of Productivity Performance in Spain Before and During the Crisis: Exploring the Role of Institutions”, OECD Economics Department Working Papers, No. 973, OECD Publishing.
García-Santana M., E. Moral-Benito, J. Pijoan-Mas and R. Ramis (2016), "Growing like Spain: 1995-2007", Documentos de Trabajo N.º 1609, Banco de España.
Productivity - enhancing institutionsThere is no single institution dedicated to productivity in Spain. The Ministry of Economy and Competitiveness and the Bank of Spain, among others institutions, provide analysis on productivity issues.