Labor Productivity Dynamics in Spain: A Firm-Level Perspective Spain

This paper uses firm-level data that covers over 1.2 million Spanish firms during the period of 2003-2019 to provide an updated assessment of the drivers of labor productivity in the Spanish economy, focusing on both TFP and firm investment. The empirical analysis shows significant differences in pr...

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Bibliographic Details
Main Author: Arregui, Nicolas
Other Authors: Shi, Yu
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:Selected Issues Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Spain 
653 |a Cross-Country Output Convergence 
653 |a Aggregate Productivity 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Labor markets 
653 |a Aggregate Labor Productivity 
653 |a Skills 
653 |a Intangible Capital 
653 |a International organization 
653 |a Labor 
653 |a Macroeconomics: Production 
653 |a International institutions 
653 |a International Economics 
653 |a Macroeconomics 
653 |a Measurement of Economic Growth 
653 |a Occupational Choice 
653 |a Capacity 
653 |a Labor productivity 
653 |a Capital 
653 |a Human Capital 
653 |a Income economics 
653 |a Employment 
653 |a Investment 
653 |a Labour 
653 |a Productivity 
653 |a Monetary economics 
653 |a International agencies 
653 |a Unemployment 
653 |a Demand and Supply of Labor: General 
653 |a Aggregate Human Capital 
653 |a Total factor productivity 
653 |a Labor Productivity 
653 |a Labor Economics: General 
653 |a Labor market 
653 |a Monetary policy 
653 |a Wages 
653 |a Intergenerational Income Distribution 
653 |a Money and Monetary Policy 
653 |a Production and Operations Management 
653 |a Labor economics 
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520 |a This paper uses firm-level data that covers over 1.2 million Spanish firms during the period of 2003-2019 to provide an updated assessment of the drivers of labor productivity in the Spanish economy, focusing on both TFP and firm investment. The empirical analysis shows significant differences in production constraints in both the capital market and the labor market, across firm size and age. This paper also includes a review of Spain’s ambitious reform commitments under the Recovery, Transformation and Resilience Plan and concludes with recommendations for further action