Regional Convergence in Spain: 1980‑2015

7 Pages Posted: 6 Oct 2017

Date Written: September 19, 2017

Abstract

This article aims to analyse the process of per capita income convergence between the different Spanish regions and the factors that may have played a role in this process over the last three decades. The main conclusion is that the distance between the per capita income of the different regions has narrowed, albeit slightly. As regards the factors underlying this process, the convergence of labour productivity is the main element that has helped to reduce regional income dispersion, mainly due to a greater accumulation of capital in regions where income was initially lower. Conversely, neither the labour market variables (employment, unemployment) nor total factor productivity have contributed significantly to the reduction of regional differences during the course of the period analysed.

Suggested Citation

Puente, Sergio, Regional Convergence in Spain: 1980‑2015 (September 19, 2017). Banco de Espana Article 21/17. Available at SSRN: https://ssrn.com/abstract=3048334

Sergio Puente (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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