SPANISH AND EUROPEA REPORT 2021: WAGES, PRODUCTIVITY, QUALITY OF PUBLIC SECTOR AND CITIZENS SATISFACTION

Maria-Carmen Guisan

Regional and Sectoral Economic Studies, 2021, vol. 21, issue 1, 67-84

Abstract: In this Report on the Economy of Spain and Europe in 2021 we include reference to some of the main problems of the Spanish economy, such as the stagnation of the average real wage and productivity in the period 1995-2021. We present a summary of the main causes of this stagnation compared to some of the main OECD countries: the United States, Germany and France. We highlight the importance of recovering the level of real industrial production per inhabitant of Spain, which has decreased especially since 2008. The difficulties of recovery, apart from the current crisis caused by the pandemic of 2020 and the shortage of some products of international trade in 2021, they are mainly due to a lack of support from the industrial policies of Spain and the European Union. This lack of support, contrary to citizen demands,elopment, is due to insufficient quality of democracy in both cases. Spain presents a level of satisfaction with the Government that is lower than the European average, and far removed from the countries with the highest level. This is due to the fact that the objectives of democracy and harmony that citizens expected from the Spanish Constitution of 1977 have deteriorated due to various errors in the Spanish electoral system that contribute to partisan tension. Spain has lost positions in economic development and quality of life, but it has human resources and the ability to improve. We highlight some of the main measures that can drive such development.

Keywords: Spanish Economy 1950-2020; Productivity by sector; Comparisons of Spain and OECD countries; Spanish Regional Development Report 2021. (search for similar items in EconPapers)
JEL-codes: L52 O18 O41 O52 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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