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5. Public Investment and Structural Transformation in Spain

Chapter of: Investing in the Structural Transformation: 2024 European Public Investment Outlook(pp. 77–95)

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Metadata
Title5. Public Investment and Structural Transformation in Spain
ContributorIgnacio Alvarez(author)
Jorge Uxó(author)
DOIhttps://doi.org/10.11647/obp.0434.06
Landing pagehttps://www.openbookpublishers.com/books/10.11647/obp.0434/chapters/10.11647/obp.0434.06
Licensehttps://creativecommons.org/licenses/by-nc/4.0/
CopyrightIgnacio Álvarez; Jorge Uxó;
PublisherOpen Book Publishers
Published on2024-12-11
Long abstractDuring the decade of 2010–2019, public investment experienced a profound decline in Spain, because of the fiscal austerity policies implemented during the Great Recession. Even with the recovery of economic growth starting in 2015, public investment did not improve and the net capital stock decreased. The COVID-19 pandemic introduced an important change in trend, with a general turnaround in fiscal policies accompanying the disbursement of Next Generation EU funds. These European Union funds will allow the implementation of an industrial transformation strategy focused on key specific sectors with high pulling power and strong multiplier effects.
Page rangepp. 77–95
Print length19 pages
LanguageEnglish (Original)
Contributors

Ignacio Alvarez

(author)
Associate Professor of Applied Economics at Universidad Autónoma de Madrid
https://orcid.org/0000-0003-2801-3447

Ignacio Alvarez was the Secretary of State for Social Rights of the Government of Spain between January 2020 and November 2023. He holds a PhD in International Economics from the University Complutense of Madrid. He is currently Associate Professor of Applied Economics at the Autonomous University of Madrid. He has also worked as a Research Associate at the Complutense Institute of International Studies (ICEI), Visiting Professor of Labor Economics at the Spanish National University of Distance Education (UNED) and Assistant Professor at the University of Valladolid. He has been visiting researcher at the University Paris VII-Denis Diderot, at the Lisbon School of Economics and Management and at the University of South-Eastern Norway, and has participated in several European Union research projects (“Inclusive Growth through Wage Coordination”; “Collectively Agreed Wages in the New European Economic Governance”; “Collectively Agreed Wages in Europe”), as well as in several national projects. His research currently focuses on the study of the relationship between income distribution, demand, and economic growth. His academic articles have been published, among other journals, in the Socio-Economic Review, Cambridge Journal of Economics, Structural Change and Economic Dynamics, Review of Keynesian Economics, Work, Employment and Society, International Labour Review, and the Journal of Post Keynesian Economics.

Jorge Uxó

(author)
Associate Professor of Applied Economics at Universidad Complutense de Madrid
https://orcid.org/0000-0002-2218-1004

Jorge Uxó has a PhD in Economics by the University Complutense of Madrid. He is currently Associate Professor of Applied Economics at the Complutense University of Madrid and Vice-President of the Spanish Productivity Board. He has been visiting researcher at the University of Coimbra (Centre for Social Studies), University of Alcalá and the European Trade Union Institute (ETUI) and has participated in European Union and national research projects, mainly focused on Macroeconomics and Economic Policy in Spain and the EMU and Post Keynesian Economics. His academic articles have been published, among other journals, in Cambridge Journal of Economics, Structural Change and Economic Dynamics, Review of Keynesian Economics, Review of Political Economy, International Labour Review, Journal of Post Keynesian Economics, Applied Economics or Metroeconomica.

References
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