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Economy:

Spanish economist Calzada discusses use of subsidies to create 'green' jobs

How has the Spanish government's "green" jobs program affected the country's economy? As a model for the United States' "green" jobs plan, how can the United States alter Spain's program to produce more positive economic gains? During today's OnPoint, Gabriel Calzada Alvarez, an economics professor at King Juan Carlos University in Madrid, and author of a new study on Spain's green jobs program, explains why government subsidies geared towards green job development have yielded net job losses. Calzada discusses how the United States can alter Spain's modeling in order to avoid negative economic impacts. He also explains how a green energy mandate could affect economic growth.

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