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Las fuentes del crecimiento sostenido en España y los países del G7 (1970-2001)
[Sources of sustained growth in Spain and G7 countries (1970-2001)]

Author

Listed:
  • Goerlich, Francisco José
  • Mas, Matilde
  • Pérez, Francisco

Abstract

This paper reviews the experience of sustained growth in Spain and those countries belonging to the G7 in light of Kaldor’s stylized facts, as well as the process of Spain’s convergence towards the most developed countries. We analyze sources of growth over the extensive period of 1970-2001, and in particular the effects of both direct and indirect technical progress on the accumulation de capital. Finally, we examine the changes that took place in the nineties - a time when the United States showed a behavior that was influenced by new technologies, whereas in Spain the contribution of productivity to growth lost importance.

Suggested Citation

  • Goerlich, Francisco José & Mas, Matilde & Pérez, Francisco, 2002. "Las fuentes del crecimiento sostenido en España y los países del G7 (1970-2001) [Sources of sustained growth in Spain and G7 countries (1970-2001)]," MPRA Paper 15829, University Library of Munich, Germany, revised 2002.
    • Handle: RePEc:pra:mprapa:15829
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    References listed on IDEAS

    as
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    3. Andrea Bassanini & Stefano Scarpetta & Ignazio Visco, 2000. "Knowledge technology and economic growth: recent evidence from OECD countries," Working Paper Research 06, National Bank of Belgium.
    4. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    5. Zvi Griliches, 1992. "Output Measurement in the Service Sectors," NBER Books, National Bureau of Economic Research, Inc, number gril92-1, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Growth; productivity; convergence;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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