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Lagging Firms Hamper Spain's Post-Pandemic Productivity Growth
Spain's total factor productivity grew slightly after the pandemic (2.71% in 2022, 1.05% in 2023), but lagging firms (40% of the least productive in each sector) hinder overall growth. If these firms reached their sector median, aggregate productivity would rise by 4.9%.
Lagging Firms Hamper Spain's Post-Pandemic Productivity Growth
Spain's total factor productivity grew slightly after the pandemic (2.71% in 2022, 1.05% in 2023), but lagging firms (40% of the least productive in each sector) hinder overall growth. If these firms reached their sector median, aggregate productivity would rise by 4.9%.
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