Investment and capital stock in Spain (1964-2011). Evolution and future accumulation patterns

This report presents the estimates of capital stock and services for the Spanish economy, developed jointly by the Ivie and the BBVA Foundation, and analyces the period 1964-2011. Data have been widely disaggregated into assets, sectors, regions and provinces. The richness of the estimates allows to analyze the characteristics of capitalization from multiple standpoints, which makes the data bank a basic tool for studing the sources of growth in Spain. In this respect, the report evaluates the impact of the crisis (2007-2011) on investment and capital stock trajectories, framing this period within a long-term perspective of the Spanish economy. The authors reflect on the prospects for capital stock in Spain and the changes required in the pattern of accumulation in order to contribute to future growth.