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OECD Economic Surveys. Spain.
- Format:
- Book
- Author/Creator:
- OECD.
- OECD, author.
- Series:
- OECD Economic Surveys: Spain
- Language:
- English
- Subjects (All):
- Economic history.
- Economic policy.
- Economic surveys.
- Physical Description:
- 1 online resource (124 pages)
- Place of Publication:
- Paris : OECD Publishing, 2021.
- Summary:
- The Spanish economy entered a deep recession in 2020 due to the COVID-19 pandemic. A strong government response has protected jobs and firms. However, the crisis has exacerbated long-standing structural challenges, such as high unemployment, inequalities and regional disparities.
- Contents:
- Intro
- Executive Summary
- The pandemic caused an unprecedented economic recession
- A durable recovery requires boosting employment, while containing medium-term fiscal challenges
- Boosting digital diffusion will raise productivity growth and help firms' recovery from the crisis
- 1 Key Policy Insights
- The pandemic has accentuated some persistent structural challenges
- Mitigating the social and economic impact of the pandemic remains a priority
- Spain has been hit hard by the pandemic
- The economic recovery is fraught with high risks
- The crisis has increased financial stability risks
- Policy support should continue, but adapt to the evolution of the pandemic
- Containing medium-term fiscal challenges and supporting employment for a sustainable recovery
- Addressing medium-term fiscal vulnerabilities
- Increasing the effectiveness of the tax system
- Improving public spending efficiency
- Addressing pressures from population ageing
- Boosting employment and job quality
- Active labour market policies
- Collective bargaining and wage adaptability
- Non-standard employment
- Minimum wages
- Female employment
- Making growth more inclusive and greener
- Lowering inequalities
- Minimum income guarantee
- Rent affordability
- Health
- Reform of the teaching profession for higher basic skills
- Making further progress in the fight against corruption
- Making growth greener
- References
- Annex A. Progress on structural reforms
- Annex B. Spanish Recovery, Transformation and Resilience Plan
- 2 Enhancing digital diffusion for higher productivity in Spain
- Digitalisation offers new opportunities and challenges
- Spanish firms still have significant scope to adopt and use digital technologies
- Insufficient intangible capital and low skills impede taking full advantage of digitalisation.
- Policy reforms can boost productivity through digital diffusion
- Ensuring communication infrastructure for all
- The Spanish telecommunication sector performs well
- The digital divide between urban and rural areas should be reduced
- Digital public services are an integral part of the digital transformation
- Cybersecurity underpins the digital transformation of the society
- Enhancing capabilities to make full use of digital technologies
- Intangible capital and innovation to foster digitalisation
- R&
- D tax incentives
- D grants and loans
- Partnerships between public research and business
- Adapting skills of workers to digitalisation and changing nature of work
- ICT in formal education
- Primary and secondary education
- Universities
- Vocational education and training
- Lifelong learning and ICT
- Sharpening incentives to take advantage of digital technologies
- Market regulation should be revamped further to generate competitive pressures
- Insolvency regimes could be reformed further to encourage risk taking activities
- Access to capital is key to diffusion of technologies
- Equity Financing
- Venture Capital
- References.
- Notes:
- Description based on publisher supplied metadata and other sources.
- ISBN:
- 92-64-55028-3
- 92-64-55580-3
- OCLC:
- 1263871175
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