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Título
A perfect storm in a sunny economy: a political economy approach to the crisis in Spain
Autor
Facultad/Centro
Área de conocimiento
Título de la revista
Socio-economic review
Número de la revista
mwy021
Editor
Oxford University Press
Fecha
2018-04-17
ISSN
14751461
Abstract
Although Spain’s economy was seen as a miracle during the most recent expansive
phase (for its labour market outcomes in terms of job growth, among other things), the
economy’s development during those years suffered from severe problems that
deserve attention. This became more relevant in a context like the current one, where
there is no consensus around which economic policies might lead the country back
onto a stable growth path. Using a systemic approach in which we analyse the growth
model, the role of Spain in the European division of labour, the financial sector, the
labour market, the public sector, and the distribution of income, we contend that, in
contrast with several narratives concerning the crisis in Spain: i) the 'living-beyondour-means' discourse is not true; and ii) certain political economic aspects, usually
missing in those narratives, are essential to understanding the recent evolution of
Spain.
Materia
Palabras clave
Peer review
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DOI
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