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Employment, Production and Income by Sector in Spain: Econometric Models and Comparison with Germany and the United States, 1965-2010

Maria-Carmen Guisan and Pilar Exposito ()

Regional and Sectoral Economic Studies, 2013, vol. 13, issue 1, 78-90

Abstract: We analyse the evolution of real valued-added by sector accordingly to two approaches: production and income in Spain in comparison with Germany, the USA and other OECD countries. We found that the quick increase of employment in Building and Services in Spain for the period 1995-2007 was unsustainable due to the lack of an even evolution of Industrial production. Economic policies for the period 1995-2012 did not foster the necessary increase in real production per inhabitant, in order to reach high rates of employment and convergence of productivity, real wages and real income per capita to more advanced economics. Here we present the estimation of econometrics models which have into account the impact of industrial development on real value-added and employment by sector.

Keywords: Employment by sector; Production and Income by Sector; Spain; Agriculture; Industry; Building; Services. (search for similar items in EconPapers)
JEL-codes: J0 J11 J4 O51 O52 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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