IDEAS home Printed from
   My bibliography  Save this article

Salario, Empleo y Productividad de la Economía Española en 1965-2008


  • Guisan, M.C.


  • Aguayo, E.


Analizamos varias etapas des desarrollo económico de España en el período 1965-2008, en comparación con Alemania, Francia, Italia, Gran Bretaña y Estados Unidos. El insuficiente desarrollo industrial de España en los períodos 1975-85, 1990-95 y 2000-2008, en términos de valor añadido real por habitante, explica no sólo un menor crecimiento de la renta real per cápita y del salario real medio, sino también el creciente desequilibrio del comercio exterior durante el período 2002-2008, el cual ha sido el generador de algunos de los aspectos más importantes de la crisis económica del año 2008. Estimamos un modelo econométrico que cuantifica el efecto positivo de la industria y del desarrollo equilibrado del comercio exterior sobre la productividad, el salario y el empleo. Analizamos también la conveniencia de impulsar el desarrollo de factores socio-económicos que logren una mayor convergencia real de España con los países más avanzados. We analyze several stages of economic development of Spain in the period 1965-2007, in comparison with Germany, France, Italy, the United Kingdom and the United Status. The insufficiency of industrial development of Spain for 1975-85, 1990-95 and 2000-2008, regarding real value added per capita, explains not only a lower increase of real income per capita and of real average wage, but also the increasing disequilibrium of the foreign trade balance of the period 2002-2008, which has been one of the main causes of the economic crisis of year 2008. We present an econometric model which shows the positive effect of industry and even foreign trade, on productivity, real wage and employment. Finally we suggest to improve other socio-economic factors which may contribute to foster a higher degree of real convergence of the Spanish economy with more advanced countries.

Suggested Citation

  • Guisan, M.C. & Aguayo, E., 2008. "Salario, Empleo y Productividad de la Economía Española en 1965-2008," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 8(1), pages 99-122.
  • Handle: RePEc:eaa:eedein:v:8:y2008:i:8_5

    Download full text from publisher

    File URL:
    Download Restriction: No

    References listed on IDEAS

    1. Charles R. Bean, 1992. "Economic and Monetary Union in Europe," Journal of Economic Perspectives, American Economic Association, vol. 6(4), pages 31-52, Fall.
    2. George S. Tavlas, 2009. "Optimum-Currency-Area Paradoxes," Review of International Economics, Wiley Blackwell, vol. 17(3), pages 536-551, August.
    3. Bayoumi, Tamim & Eichengreen, Barry, 1992. "Shocking Aspects of Monetary Unification," Department of Economics, Working Paper Series qt791143kp, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    4. Maria Demertzis & Andrew Hallett & Ole Rummel, 2000. "Is the European union a natural currency area, or is it held together by policy makers?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(4), pages 657-679, December.
    5. Tamim Bayoumi & Barry Eichengreen, 1992. "Shocking Aspects of European Monetary Unification," NBER Working Papers 3949, National Bureau of Economic Research, Inc.
    6. Herbert G. Grubel, 1970. "The Theory of Optimum Currency Areas," Canadian Journal of Economics, Canadian Economics Association, vol. 3(2), pages 318-324, May.
    7. Edward E. Ghartey, 2003. "Monetary Policy And Deficits Financing In Jamaica," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 28(1), pages 81-99, June.
    8. Summary, Rebecca M, 1989. "A Political-Economic Model of U.S. Bilateral Trade," The Review of Economics and Statistics, MIT Press, vol. 71(1), pages 179-182, February.
    9. Lippi, Marco & Reichlin, Lucrezia, 1993. "The Dynamic Effects of Aggregate Demand and Supply Disturbances: Comment," American Economic Review, American Economic Association, vol. 83(3), pages 644-652, June.
    10. Fleming, J Marcus, 1971. "On Exchange Rate Unification," Economic Journal, Royal Economic Society, vol. 81(323), pages 467-488, September.
    11. Gamber, Edward N & Joutz, Frederick L, 1993. "The Dynamic Effects of Aggregate Demand and Supply Disturbances: Comment," American Economic Review, American Economic Association, vol. 83(5), pages 1387-1393, December.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Industria; Desequilibrio del comercio exterior; Salario real; Productividad; Empleo; Economía española; Crisis. Industry; Foreign trade; Wage; Productivity; Spanish Economy.;

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:eedein:v:8:y2008:i:8_5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (M. Carmen Guisan). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.