Publications

Uncertainty over US trade policy and implementation of the judicial reform are two factors that are holding back investment and economic growth. Nevertheless, the problem of low economic growth is not new.

Spain needs to recalibrate its fiscal policy to ensure a greater emphasis on spending in production, infrastructure, education, and new technologies. This would help boost long-term growth and improve well-being.

In developing economies, greenhouse gas emissions from deforestation and from pushing forward the agricultural frontier may outweigh those from fossil energy combustion. So how can we reduce them?

In 2025, the Galician economy could report a 6.4% increase in GDP per capita when compared with 2019, the largest advance within Spain. This brings the autonomous region one step closer to converge with the country as a whole.

Based on the endogenous growth model of Lucas (1988 and 1990), in this Working Paper we propose a method to measure the total contribution of human capital to the variance of GDP per capita in a large sample of countries from 1960 to 2015.

The size of Spain's public sector and its impact on economic growth is a controversial issue, with opposing views and biases that can affect the interpretation of the evidence.

This Working Paper analyzes the trends in income, employment and other economic aggregates in OECD countries from 1960 to 2022, showing the enormous heterogeneity that exists in this group in terms of growth over the last six decades.

Turkish economy grew by 4% y/y in 1Q23 in line with market expectation (vs. 3.9% consensus and 4.3% ours). Assuming no sharp normalization in economic policies ahead of local election in 2024, we expect GDP growth to be in the range of 4-5% in 2023 on the current strong momentum and expected loose policies.