Boom to bust reconstructing the Spanish economy

Keith Salmon

doi:10.1386/ijis.23.1.39_1

Boom to bust reconstructing the Spanish economy

Keith Salmon

Hertfordshire Business School

Research output: Contribution to journal › Article › peer-review

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Abstract

In 2008, a decade of strong and sustained growth in Spain came to an end as the economy fell into recession. This article charts the passage of the economy into recession and examines conditions in the financial system, property market and labour market that were peculiar to Spain. Half the financial system was subject to considerable political interference, a property market bubble was allowed to develop and the labour market had developed a dual character in which one segment remained very rigid. These factors contributed to a protracted recession, accompanied by rapidly increasing sovereign debt and exceptionally high unemployment

Original language	English
Pages (from-to)	39-52
Number of pages	14
Journal	International Journal of Iberian Studies
Volume	23
Issue number	1
DOIs	https://doi.org/10.1386/ijis.23.1.39_1
Publication status	Published - 1 Oct 2010

Keywords

Spanish economy
financial system
labour market
property market
public debt
recession

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10.1386/ijis.23.1.39_1

Boom_to_Bust_A_RIS_PDFAccepted author manuscript, 674 KBLicence: Unspecified

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abstract = "In 2008, a decade of strong and sustained growth in Spain came to an end as the economy fell into recession. This article charts the passage of the economy into recession and examines conditions in the financial system, property market and labour market that were peculiar to Spain. Half the financial system was subject to considerable political interference, a property market bubble was allowed to develop and the labour market had developed a dual character in which one segment remained very rigid. These factors contributed to a protracted recession, accompanied by rapidly increasing sovereign debt and exceptionally high unemployment",

keywords = "Spanish economy, financial system, labour market, property market, public debt, recession",

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KW - labour market

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Boom to bust reconstructing the Spanish economy

Abstract

Keywords

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