OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

English, French

Moving Towards a More Dynamic Business Sector in Spain

Policy efforts to revitalise entrepreneurship and investment in Spain are key to generating growth and new jobs. The government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened. Boosting economic growth requires a new generation of high-growth companies and that resources flow towards the most productive firms. For this to happen, barriers to business growth have to be reduced by streamlining regulations and licencing procedures, internationalisation needs to be fostered, and competition strengthened. In addition, the negative impact of the crisis on companies, notably the high level of indebtedness and difficulties to obtain financing faced by some firms has to be relieved. This would be facilitated by more efficient insolvency procedures and further development of non-bank financing.


Keywords: business sector, regulation, mutual guarantee schemes, entrepreneurship, young firms, ports, constant market share analysis, trade specialisation, professional services, venture capital, indebtedness, regulators, structure effect, credit register, competitiveness, productivity, licences, electricity, exports, corporate tax, judicial efficiency, insolvency, competition, market share effect, internationalisation, firm size, Spain
JEL: D40: Microeconomics / Market Structure, Pricing, and Design / Market Structure, Pricing, and Design: General; L25: Industrial Organization / Firm Objectives, Organization, and Behavior / Firm Performance: Size, Diversification, and Scope; L11: Industrial Organization / Market Structure, Firm Strategy, and Market Performance / Production, Pricing, and Market Structure; Size Distribution of Firms; F10: International Economics / Trade / Trade: General; G33: Financial Economics / Corporate Finance and Governance / Bankruptcy; Liquidation; G21: Financial Economics / Financial Institutions and Services / Banks; Depository Institutions; Micro Finance Institutions; Mortgages; G24: Financial Economics / Financial Institutions and Services / Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies; D21: Microeconomics / Production and Organizations / Firm Behavior: Theory; K20: Law and Economics / Regulation and Business Law / Regulation and Business Law: General; H25: Public Economics / Taxation, Subsidies, and Revenue / Business Taxes and Subsidies; L50: Industrial Organization / Regulation and Industrial Policy / Regulation and Industrial Policy: General; L12: Industrial Organization / Market Structure, Firm Strategy, and Market Performance / Monopoly; Monopolization Strategies
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