Institutional reforms: A source of productivity gains for the Spanish economy
Fecha: julio 2021
Xosé Carlos Arias
Institutional Framework
SEFO, Spanish and International Economic & Financial Outlook, V. 10 N.º 4 (july 2021)
Spain’s declining total factor productivity is partially attributed to institutional weaknesses in areas such as transparency, the justice system, regulation, and government coordination. If left unaddressed, it could undermine Spain’s successful transition to the digital/green economy.