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Ranking the Spanish regions according to their resilience capacity during 1965–2011

Author

Listed:
  • Ferran Navinés

    (Universitat de les Illes Balears)

  • José Pérez-Montiel

    (Universitat de les Illes Balears)

  • Carles Manera

    (Universitat de les Illes Balears)

  • Javier Franconetti

    (Universitat de les Illes Balears)

Abstract

We rank the economic resilience capacity of the 17 Spanish regions by observing the evolution of the components of the rate of profit. To this aim, we analyze the differential evolution of the two components of the profit rate: (i) the productivity of capital and (ii) the gross operating surplus share on national income. The first component rests on the dynamics of aggregate demand and technical efficiency, while the second one informs on the dynamics of income distribution. We consider that the dynamics of these two variables are relevant to rank the economic resilience capacity of the Spanish regions.

Suggested Citation

  • Ferran Navinés & José Pérez-Montiel & Carles Manera & Javier Franconetti, 2023. "Ranking the Spanish regions according to their resilience capacity during 1965–2011," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(2), pages 415-435, October.
    • Handle: RePEc:spr:anresc:v:71:y:2023:i:2:d:10.1007_s00168-022-01171-5
    DOI: 10.1007/s00168-022-01171-5
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    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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