La croissance espagnole est-elle soutenable ?

Sabine Le Bayon

Revue de l'OFCE, 2006, vol. 97, issue 2, 203-243

Abstract: This article aims to explain why Spanish growth has been so high since the mid-90s (with a significant reduction in public deficit and the unemployment rate), but also why it is not sustainable in the long term. Indeed, growth has recently been greatly dependent on European structural funds and an expansive monetary policy. Furthermore, it has induced severe imbalances (increasing current deficit and household debt, thus generating a house price bubble). For the catching-up towards the European Union to continue, higher productivity growth is necessary. JEL codes: E2, O52.

JEL-codes: E2 O52 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_097_0203 (application/pdf)
http://www.cairn.info/revue-de-l-ofce-2006-2-page-203.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:reofsp:reof_097_0203

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().