01893cas a2200241 a 4500 AALejournalIMF017388 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475572766 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Spain : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (64 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes the drivers of firm productivity growth in Spain. Spain's weak productivity performance has been linked to the dominance of many low-productivity small firms and inefficient allocation of resources. The biggest gain can be expected from lowering regulatory barriers to competition and the cost of doing business, including at the regional level. Further improving the access to equity and credit financing, in particular for innovative start-up companies, and addressing potential disincentive effects of size-contingent rules, can also make important contributions to raising productivity growth. Supporting innovation through increasing the efficiency of Research and Development (R and D) incentives and enhancing the private R and D investment should generate positive spillovers, which are difficult to capture empirically. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/024 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/024/002.2017.issue-024-en.xml IMF e-Library