Abstract
Spain became a member of the Economic and Monetary Union (EMU) in 1998 and, up to the international crisis of 2008–9, there were three indications of what most economists agree is a lack of competitiveness on the part of the Spanish economy. The first is the positive inflation differential with the EMU; the second a persistent and growing external deficit; and the third a poor trend in labour productivity, in relation to the United States, but also to other European countries.
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© 2011 C. Cuerpo, R. Doménech and L. González-Calbet
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Cuerpo, C., Doménech, R., González-Calbet, L. (2011). Productivity and Competitiveness. In: Boscá, J.E., Doménech, R., Ferri, J., Varela, J. (eds) The Spanish Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230307544_4
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DOI: https://doi.org/10.1057/9780230307544_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32980-9
Online ISBN: 978-0-230-30754-4
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