- Additional Authors
- Westmore, Ben.
- Description
- 53 p.; 21 x 29.7cm.
- Summary
- Structural transformation towards a more knowledge-based economy will strengthen Spain's medium-term growth prospects. To deal with long standing impediments to higher growth the government has a substantial structural reform programme touching on education, the labour market and the business environment. Areas of particular weakness to be tackled include the high number of poorly qualified long-term unemployed, skills mismatches and a high school drop-out rate, and insufficient innovation. Spain has done well in reducing the carbon emissions intensity of GDP growth but will need to do more to meet future targets and manage its scarce water resources. The resolution of acute banking and fiscal problems, and the cyclical upswing, provide a more solid platform for sustained growth. Raising trend growth will boost job creation, which is the most effective antidote to the strong rise in poverty and inequality that accompanied the sharp deterioration in the labour market during the crisis.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.1172
- Uniform Title
- OECD Economics Department Working Papers, no.1172.
- Subject
- LCCN
- 10.1787/5jxszm4fwdjg-en
- OCLC
- oecd-lib-003458
- Author
Haugh, David.
- Title
Better Harnessing Talent and Knowledge to Boost Sustainable Medium-term Growth in Spain [electronic resource] / David Haugh and Ben Westmore
- Imprint
Paris : OECD Publishing, 2014.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.1172
OECD Economics Department Working Papers, 1815-1973 ; no.1172.
- Connect to:
- Indexed Term
Economics
Spain
- Added Author
Westmore, Ben.
- Other Standard Identifier
10.1787/5jxszm4fwdjg-en doi