An Analysis of Productivity Performance in Spain Before and During the Crisis: Exploring the Role of Institutions
The Spanish economy experienced significantly weaker labour productivity growth than other OECD economies and failed to catch up with the most advanced economies in the period 1996-2007. In recent years labour productivity growth has accelerated, but this recovery is likely to be due to cyclical and...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2012
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| Schriftenreihe: | OECD Economics Department Working Papers
no.973 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The Spanish economy experienced significantly weaker labour productivity growth than other OECD economies and failed to catch up with the most advanced economies in the period 1996-2007. In recent years labour productivity growth has accelerated, but this recovery is likely to be due to cyclical and temporary factors. The aim of this paper is to identify what factors weigh on weak trend productivity growth. The relatively weak performance largely reflects the low growth of total factor productivity within a wide range of sectors, with very limited impact of composition effects, while the capital stock and educational attainment of the workforce have grown relatively strongly. The paper investigates the role of some institutions in deterring innovation, competition and the growth of successful firms. It argues that Spain needs to have a more flexible labour market and collective bargaining system to improve productivity performance. Productivity performance would also benefit from a more flexible business environment in such a way that both entry and exit of firms in the economy are less costly, including a reform of bankruptcy legislation, steps to make civil judicial procedures more efficient and a greater reduction of barriers to entry into the retail trade sector. |
| Beschreibung: | 1 Online-Ressource (39 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k9777lqshs5-en |
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| spelling | Mora Sanguinetti, Juan S... VerfasserIn aut An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions Juan S., Mora Sanguinetti and Andrés, Fuentes = Analyse de la performance de la productivité en Espagne avant et durant la crise : Le rôle des institutions / Juan S., Mora Sanguinetti et Andrés, Fuentes Analyse de la performance de la productivité en Espagne avant et durant la crise Paris OECD Publishing 2012 1 Online-Ressource (39 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.973 The Spanish economy experienced significantly weaker labour productivity growth than other OECD economies and failed to catch up with the most advanced economies in the period 1996-2007. In recent years labour productivity growth has accelerated, but this recovery is likely to be due to cyclical and temporary factors. The aim of this paper is to identify what factors weigh on weak trend productivity growth. The relatively weak performance largely reflects the low growth of total factor productivity within a wide range of sectors, with very limited impact of composition effects, while the capital stock and educational attainment of the workforce have grown relatively strongly. The paper investigates the role of some institutions in deterring innovation, competition and the growth of successful firms. It argues that Spain needs to have a more flexible labour market and collective bargaining system to improve productivity performance. Productivity performance would also benefit from a more flexible business environment in such a way that both entry and exit of firms in the economy are less costly, including a reform of bankruptcy legislation, steps to make civil judicial procedures more efficient and a greater reduction of barriers to entry into the retail trade sector. Economics Spain Fuentes, Andrés MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k9777lqshs5-en Volltext |
| spellingShingle | Mora Sanguinetti, Juan S.. An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions Economics Spain |
| title | An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions |
| title_alt | Analyse de la performance de la productivité en Espagne avant et durant la crise |
| title_auth | An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions |
| title_exact_search | An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions |
| title_full | An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions Juan S., Mora Sanguinetti and Andrés, Fuentes = Analyse de la performance de la productivité en Espagne avant et durant la crise : Le rôle des institutions / Juan S., Mora Sanguinetti et Andrés, Fuentes |
| title_fullStr | An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions Juan S., Mora Sanguinetti and Andrés, Fuentes = Analyse de la performance de la productivité en Espagne avant et durant la crise : Le rôle des institutions / Juan S., Mora Sanguinetti et Andrés, Fuentes |
| title_full_unstemmed | An Analysis of Productivity Performance in Spain Before and During the Crisis Exploring the Role of Institutions Juan S., Mora Sanguinetti and Andrés, Fuentes = Analyse de la performance de la productivité en Espagne avant et durant la crise : Le rôle des institutions / Juan S., Mora Sanguinetti et Andrés, Fuentes |
| title_short | An Analysis of Productivity Performance in Spain Before and During the Crisis |
| title_sort | an analysis of productivity performance in spain before and during the crisis exploring the role of institutions |
| title_sub | Exploring the Role of Institutions |
| topic | Economics Spain |
| topic_facet | Economics Spain |
| url | https://doi.org/10.1787/5k9777lqshs5-en |
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