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Productivity and Competitiveness

In: The Spanish Economy

Author

Listed:
  • C Cuerpo
  • R. Doménech
  • L. González-Calbet

Abstract

Spain became a member of the Economic and Monetary Union (EMU) in 1998 and, up to the international crisis of 2008–9, there were three indications of what most economists agree is a lack of competitiveness on the part of the Spanish economy. The first is the positive inflation differential with the EMU; the second a persistent and growing external deficit; and the third a poor trend in labour productivity, in relation to the United States, but also to other European countries.

Suggested Citation

  • C Cuerpo & R. Doménech & L. González-Calbet, 2011. "Productivity and Competitiveness," Palgrave Macmillan Books, in: José E. Boscá & Rafael Doménech & Javier Ferri & Juan Varela (ed.), The Spanish Economy, chapter 4, pages 97-119, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30754-4_4
    DOI: 10.1057/9780230307544_4
    as

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