Publications

In 1985, Spain joined what was then the European Economic Community. Four decades down the line, the balance is very positive in terms of growth, employment, and well-being, although it also reveals certain outstanding issues that Spain would do well to address.

Economic growth, inequality, and zero-sum thinking form a triangle that has shaped societies over the years. The historical transition from a subsistence economy to one of sustained growth has transformed social perceptions of wealth and how it is distributed.

Spain faces two problems hindering its per capita income convergence toward the EU level: unemployment and low productivity growth.

Based on the endogenous growth model of Lucas (1988 and 1990), in this Working Paper we propose a method to measure the total contribution of human capital to the variance of GDP per capita in a large sample of countries from 1960 to 2015.

This Working Paper provides a brief description of the latest update of RegData, a database that collects the main economic and demographic aggregates of Spanish regions over the last six decades.

Wage and disposable income inequality in Spain illustrates the importance of avoiding its causes by bringing Spain's unemployment rate down and converging it to EU levels, thereby enjoying the double dividend of full employment.

In a context where domestic demand has been weakening due to the effects of inflation and rising interest rates, exports have taken over as the driving force behind economic growth, warranting an upward revision of Spain's GDP growth to 2.4% in 2023.