Cárdenas del Rey, Luis; Fernandez-Sanchez, Rafael - In: Journal of Economic Studies 48 (2020) 4, pp. 786-803
Purpose: This paper studies one of the most paradoxical facts of the Spanish economic growth during the period 1982–2007: high growth of investment and aggregate demand accompanied by the stagnation of labor productivity, especially from 1994. Design/methodology/approach: The authors propose...