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

  1. María-Carmen Guisán 1
  2. eva aguayo 2
  1. 1 Un
  2. 2 Universidade de Santiago de Compostela
    info

    Universidade de Santiago de Compostela

    Santiago de Compostela, España

    ROR https://ror.org/030eybx10

Journal:
Estudios económicos de desarrollo internacional: Economic studies of international development : EEDI

ISSN: 1578-4479

Year of publication: 2008

Volume: 8

Issue: 1

Pages: 99-122

Type: Article

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More publications in: Estudios económicos de desarrollo internacional: Economic studies of international development : EEDI

Abstract

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.

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