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Galicia y las trampas del Desarrollo
[Galicia and the "Development traps"]

Author

Listed:
  • González Laxe, Fernando
  • Armesto Pina, José Francisco
  • Sanchez-Fernandez, Patricio

Abstract

In recent years it has been stated that not all regions of the European Union with a GDP per capita below the European average are converging. This is the main conclusion of the recently published paper by Diemer, Iammarino, Rodríguez-Pose and Storper (2022). Thus, long-term economic stagnation is observed in many regions, generating what is called the “development trap”. This works addresses how this may be the situation of the Region of Galicia (Spain), as a European region that has lost its growth rate compared to the dynamics of the Spanish and European economy. Specifically, Galicia not only decreases its participation in the Spanish economy as a whole, but its growth rates in recent periods are lower.

Suggested Citation

  • González Laxe, Fernando & Armesto Pina, José Francisco & Sanchez-Fernandez, Patricio, 2023. "Galicia y las trampas del Desarrollo [Galicia and the "Development traps"]," MPRA Paper 116165, University Library of Munich, Germany, revised 28 Jan 2023.
    • Handle: RePEc:pra:mprapa:116165
    as

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    References listed on IDEAS

    as
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    5. Andreas Diemer & Simona Iammarino & Andrés Rodríguez-Pose & Michael Storper, 2022. "The Regional Development Trap in Europe," Economic Geography, Taylor & Francis Journals, vol. 98(5), pages 487-509, October.
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    7. Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-1175, September.
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    9. Aiyar, Shekhar & Duval, Romain & Puy, Damien & Wu, Yiqun & Zhang, Longmei, 2018. "Growth slowdowns and the middle-income trap," Japan and the World Economy, Elsevier, vol. 48(C), pages 22-37.
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    More about this item

    Keywords

    Galicia; Economic Growth; Regions; Development trap;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • H00 - Public Economics - - General - - - General
    • J00 - Labor and Demographic Economics - - General - - - General

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