Research Areas

This study presents the main results of the latest estimates of investment and capital endowments for the Spanish economy. The report offers an analysis of the evolution of investment and capital stock in Spain and its regions in the 21st century, emphasizing the contrast between the years of expansion that preceded the economic downturn and the years following the onset of the crisis, which were characterized by different accumulation patterns. The authors consider the problems Spain faces when it comes to taking advantage of installed capital to achieve productivity gains, and the causes of these difficulties. Particular attention is also given to investment in R&D, the new asset incorporated in the 2016 edition of the database.