Las fuentes del crecimiento sostenido en España y los países del G7 (1970-2001)

Sources of sustained growth in Spain and G7 countries (1970-2001)

Francisco Goerlich Gisbert, Matilde Mas and Francisco Perez

MPRA Paper from University Library of Munich, Germany

Abstract: This paper reviews the experience of sustained growth in Spain and those countries belonging to the G7 in light of Kaldor’s stylized facts, as well as the process of Spain’s convergence towards the most developed countries. We analyze sources of growth over the extensive period of 1970-2001, and in particular the effects of both direct and indirect technical progress on the accumulation de capital. Finally, we examine the changes that took place in the nineties - a time when the United States showed a behavior that was influenced by new technologies, whereas in Spain the contribution of productivity to growth lost importance.

Keywords: Growth; productivity; convergence (search for similar items in EconPapers)
JEL-codes: O47 (search for similar items in EconPapers)
Date: 2002, Revised 2002
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Published in Moneda y Crédito 214 (2002): pp. 133-176

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15829

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