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Dinámica espaciotemporal en el crecimiento económico regional: un modelo empírico para las comunidades autónomas españolas
[Spatio-temporal dynamics of regional economic growth: An empirical model for the Spanish Autonomous Communities]

Author

Listed:
  • Julián Ramajo

    (Universidad de Extremadura)

  • Alejandro Ricci-Risquete

    (Universidad de Extremadura)

  • Geoffrey J.D Hewings

    (Universidad de Extremadura)

Abstract

This paper analyzes the evolution of the aggregate production in the Spanish regional economic system between 2000Q1 and 2023Q4 proposing a spatiotemporal growth model for the Autonomous Communities in Spain that simultaneously accounts for the presence of time-series dynamics, cross-sectional spatial dependence, common factors, and regional heterogeneity. The econometric specification used in the empirical application includes time-lagged variables, spatial and spatiotemporal lagged variables, a dynamic common factor (the national growth), and some parameters varying regionally, so we consider all the key stylized facts that complex regional economic growth processes exhibit over time.

Suggested Citation

  • Julián Ramajo & Alejandro Ricci-Risquete & Geoffrey J.D Hewings, 2026. "Dinámica espaciotemporal en el crecimiento económico regional: un modelo empírico para las comunidades autónomas españolas [Spatio-temporal dynamics of regional economic growth: An empirical model for the Spanish Autonomous Communities]," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, vol. 65(65), pages 143-160, June.
  • Handle: RePEc:ris:invreg:022925
    DOI: 10.38191/iirr-jorr.24.049
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    Keywords

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    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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