Spain: Selected Issues

International Monetary Fund

No 2004/090, IMF Staff Country Reports from International Monetary Fund

Abstract: Spain has experienced income convergence consistently in the past decade, despite gradual losses in competitiveness. The empirical evidence indicates that overall EU enlargement offers a range of opportunities for Spain, points to potential pressures in specific sectors, and offers challenges, and tackling the challenges requires a flexible economy. The pattern of Spanish exports is dominated by its off-center location in the Southern part of the EU. Geographical location also plays a central role in determining the origin of foreign direct investment (FDI) flows to Spain.

Keywords: ISCR; CR; per capita income; EU enlargement; trade creation; EU import; EU membership; EU Cohesion policy; EU country; EU trade effect; Foreign direct investment; Exports; Migration; Agroindustries; Imports; Eastern Europe; Southern Europe; Europe (search for similar items in EconPapers)
Pages: 45
Date: 2004-04-02
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