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Drivers of Spain’s Export Performance and the Role of the Labor Market Reforms, Jorge Salas

Abstract
Spain’s export performance strengthened after the global financial crisis, and exports now represent more than a third of GDP. This paper argues that several factors contributed to that achievement: external demand, supported by greater diversification of destination markets; enhanced export orientation of Spanish firms, partly as a response to lower domestic demand after the crisis; and competitiveness gains, reflecting in part changes in the labor market following structural reforms adopted in 2010 and 2012. Based on cross-country panel regressions linking real export growth to employment protection indicators, those labor market reforms are estimated to account for nearly one-tenth to above one-quarter of Spain’s total export growth rate from 2010 to 2013
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (24 pages), illustrations.
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484392430

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