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VIII. Indicators calendar

Universidad Carlos III de Madrid
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  • Economics


Microsoft Word - Portada177 ingles.doc BIMA Source: EUROSTAT & IFL(UC3M) Date: June 4, 2009 BULLETIN OF EU AND US INFLATION AND MACROECONOMIC ANALYSIS Instituto Flores de Lemus N. 177 June 2009 Second Phase Immigration and labour market in the Spanish crisis José Ignacio Pérez Infante Page 79 “In the period of economic growth from 1995 to 2007, there was an immigration process in Spain which, although later than in other OECD countries, and specifically the European Union, was nonetheless more intense, particularly from 2001 on. This rapid and intense immigration process until 2007 is confirmed by the different statistics regarding foreigners arriving and setting up residence in Spain, shown in table 11. In relation to the annual inflow of immigrants, the Residential Variation Statistics derived from the foreigners added to the continuous population census, shows how levels of less than twenty thousand annual immigrant arrivals in 1995 and 1996 grew heavily from 1997 on, rising to more than three hundred thousand in 2000, four hundred thousand in 2001 and 2002, six hundred thousand in 2004 and 2005, eight hundred thousand in 2006 and nine hundred thousand in 2007.” Analysis of labour productivity in the Spanish economy Page 64 “In the last fifteen years, productivity has presented poor growth in the Spanish economy, although it showed some recovery in 2008, which had started in the middle of the previous year, and is continuing with more intensity in 2009. This improvement, however, is more apparent that real, as it depends on the anomalous contracyclical performance of Spanish productivity, resulting from employment losses. On the other hand, our labour costs grow more than those in the euro area so, together with our lower productivity growth rate, this means that our labour costs per unit of product (LCU) persistentl

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