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

January 20, 2023

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Format: Chicago

Nicolas Arregui, and Yu Shi. Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain, (USA: International Monetary Fund, 2023) accessed November 21, 2024

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. 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, Monetary policy

Keywords: Productivity financial constraint firm size competition labor regulation

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/002
Stock No:

SIPEA2023002
ISBN:

9798400231124
ISSN:

2958-7875

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