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The key role of the productive structure in the countercyclical productivity in Spain

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  • Andres Maroto-Sanchez
  • Juan R. Cuadrado-Roura

Abstract

One of the most controversial topics of the Spanish economy is the countercyclical behavior of its productivity, both in the expansive years and during the recent financial and economic crisis. Additionally, this countercyclical pattern is unique among the economies of its area. This letter considers one of the likely answers to this fact: the Spanish productive structure, which is characterized by sectors such as construction and some service industries.Â

Suggested Citation

  • Andres Maroto-Sanchez & Juan R. Cuadrado-Roura, 2013. "The key role of the productive structure in the countercyclical productivity in Spain," Economics and Business Letters, Oviedo University Press, vol. 2(3), pages 86-93.
    • Handle: RePEc:ove:journl:aid:9962
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/9962
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    References listed on IDEAS

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    1. Zarnowitz, Victor & Ozyildirim, Ataman, 2006. "Time series decomposition and measurement of business cycles, trends and growth cycles," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1717-1739, October.
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    3. Hodrick, Robert J & Prescott, Edward C, 1997. "Postwar U.S. Business Cycles: An Empirical Investigation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
    4. J.R. Cuadrado-Roura, 2001. "Business Cycle and Service Industries: General Trends and the Spanish Case," The Service Industries Journal, Taylor & Francis Journals, vol. 21(1), pages 103-122, January.
    5. Victor Zarnowitz & Ataman Ozyildirim, 2001. "On the Measurement of Business Cycles and Growth Cycles," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 36(1), pages 37-54, January.
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    Cited by:

    1. Herrero, Daniel & Rial, Adrián, 2023. "Labor costs, KIBS, and export performance: A comparative analysis of Germany and Mediterranean economies," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 184-198.
    2. Michael C. Burda, 2018. "Aggregate labor productivity," IZA World of Labor, Institute of Labor Economics (IZA), pages 435-435, April.

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