IMF Staff Country Reports

Spain: Selected Issues

Publication Date:

June 14, 2006

Electronic Access:

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Summary:

This Selected Issues paper quantifies the macroeconomic effects of fiscal policy in Spain, focusing on the external sector. It describes the stylized facts of the Spanish economy and presents an econometric analysis. It examines Spain’s growth and productivity performance in relation to a broad sample of peer economies with an emphasis on recent trends and growth implications. It also employs growth accounting and discusses the productivity lag of Spain.

Series:

Country Report No. 2006/213

Subject:

Balance of payments Capital productivity Current account Expenditure Foreign exchange Production Productivity Real exchange rates Total factor productivity