Enhancing digital diffusion for higher productivity in Spain

Yosuke Jin

No 1673, OECD Economics Department Working Papers from OECD Publishing

Abstract: The increased adoption of digital technologies has been transforming the Spanish economy. The COVID-19 crisis is expected to speed up this process. The new digital strategy, ‘Digital Spain 2025’, features a number of ambitious objectives in a timely manner. There is a need to promote digital diffusion across the country by developing communication infrastructure further, while addressing the digital divide across regions and ensuring digital security. Addressing key bottlenecks, such as people’s skills, through education policies at every level, would enable the use of digital technologies and boost productivity growth. This would help in particular laggard firms and low-skilled people, making the benefits of digitalisation shared by all. In parallel, R&D should be enhanced to lift the capacity of firms to adopt and use digital technologies effectively, resulting in improving their business models and products. Finally, business dynamism should be revitalised to encourage risk taking among firms, thus facilitating digital diffusion, while ensuring an efficient allocation of capital.

Keywords: business environment; digitalisation; intangible assets; productivity; risk capital; skills (search for similar items in EconPapers)
JEL-codes: L1 L2 O1 (search for similar items in EconPapers)
Date: 2021-07-06
New Economics Papers: this item is included in nep-eff and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1673-en

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