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SPAIN CONDITIONS, ISSUES, AND U.S. RELATIONS -- SPAIN CONDITIONS, ISSUES, AND U.S. RELATIONS -- CONTENTS -- PREFACE -- Chapter 1 SPAIN AND ITS RELATIONS WITH THE UNITED STATES: IN BRIEF -- SUMMARY -- INTRODUCTION AND ISSUES FOR CONGRESS -- DOMESTIC OVERVIEW -- Political Dynamics -- ECONOMY -- RESPONSE TO THE MIGRATION CRISIS7 -- REGIONAL ISSUES -- COUNTERTERRORISM9 -- RELATIONS WITH THE UNITED STATES -- Defense Relations -- Economic Ties -- End Notes -- Chapter 2 SPAIN 2014 HUMAN RIGHTS REPORT -- EXECUTIVE SUMMARY

Cover -- CONTENTS -- DIFFERENCES IN REGIONAL PRODUCTIVITY: WHAT IS BEHIND IT? -- A. Introduction -- B. Literature Review -- C. Stylized Facts -- D. Methodology and Data -- E. Empirical Analysis -- F. Conclusion and Policy Recommendations -- References -- FIGURES -- 1. Regional Differences in Income and Production Factors -- 2. GDP Structure of Spain Regions -- 3. Structural Differences of Spanish Regions -- 4. Production Frontier and Technical Efficiency -- 5. Evolution of Technical Efficiency -- TABLE -- 1. Stochastic Frontier Analysis -- ANNEX -- I. Skills Mismatch Index.

This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling. Exporters are gaining market share, and the current account is in surplus for the first time in decades. Financial conditions have improved sharply, with sovereign yields at record lows. Business investment is rebounding strongly and private consumption has also started to recover owing to improved employment prospects and rising confidence. Executive Directors have welcomed the improving Spanish economy. They have stressed that labor market reform should be accompanied by produ

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country