ARTICLE
TITLE

Agricultural employment in Spain and new Keynesian economics

SUMMARY

Our research examines the agricultural labor market from the perspective of new Keynesian economics. Our aim is to verify that total gross output, total factor productivity, and real wages act as determinants of employment levels in Spanish agriculture. Three structural econometric models were estimated using census data for the period 1998-2013. This was a period of profound economic and social change, and the following two distinct sub-periods were compared: 1998-2007 (a period of economic boom) and 2008-2013 (a period of recession). The empirical evidence is consistent with neo-Keynesian theoretical posits, albeit with certain qualifiers derived from the specifically rural nature of the evidence. The results show a negative relationship between employment and productivity and wages, which intensified during the recession. La investigación relaciona el mercado de trabajo agrícola con la escuela de pensamiento Nueva Economía Keynesiana. Su propósito es comprobar que la producción bruta, la productividad total factorial y los salarios actúan como determinantes del empleo en la agricultura española. A partir de datos censales se estiman tres modelos econométricos de carácter estructural en un periodo de profundos cambios dentro del contexto económico y social, 1998-2013, por lo que se comparan dos subperiodos distintos, 1998-2007 y 2008-2013, de auge y recesión económica respectivamente. La evidencia empírica es, en general, consistente con los postulados teóricos neokeynesianos, aunque con ciertas matizaciones derivadas de la especificidad rural. Así, los resultados revelan una relación negativa entre el empleo y la productividad y los salarios, que se intensifica durante los años de contracción de la economía.

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