Spain: Selected Issues

International Monetary Fund

No 2006/213, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper quantifies the macroeconomic effects of fiscal policy in Spain, focusing on the external sector. It describes the stylized facts of the Spanish economy and presents an econometric analysis. It examines Spain’s growth and productivity performance in relation to a broad sample of peer economies with an emphasis on recent trends and growth implications. It also employs growth accounting and discusses the productivity lag of Spain.

Keywords: ISCR; CR; right; expenditure; GDP; current account balance; government expenditure; current account deterioration; widening current account deficit; productivity gap; Total factor productivity; Real exchange rates; Current account; Productivity; B. productivity growth accounting; productivity performance; productivity-enhancing reform; Capital productivity (search for similar items in EconPapers)
Pages: 44
Date: 2006-06-14
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