Regional Growth and Convergence in Spain: Is the Decentralisation Model Important?
E. Macarena Hernández-Salmerón () and
Carlos Usabiaga ()
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E. Macarena Hernández-Salmerón: Andalusian Council of Economics and Knowledge
Acta Oeconomica, 2017, vol. 67, issue 3, 389-412
This paper deals with the effects of political decentralisation on economic growth in Spain, an issue that has generated heated debates in recent decades. Our analysis of the last three and a half decades, a period characterised by the weak narrowing of the income per capita gap within regions, does not offer conclusive results on convergence and points to the importance of alternative factors. Several proxies were used to capture the decentralisation process. We also studied some potential interactions between decentralisation and other variables. All in all, our empirical evidence shows robustly that transferring more responsibilities to subnational governments does not significantly affect growth in any sense.
Keywords: economic growth; convergence; decentralisation; Spanish regions (search for similar items in EconPapers)
JEL-codes: C23 H11 O47 R11 (search for similar items in EconPapers)
Note: We thank Pablo Álvarez de Toledo, Alejandro C. García-Cintado, Diego Martínez-López, Fernando Núñez, Daniel Oto-Peralías, María del P. Pablo-Romero, Julián Ramajo and Diego Romero-Ávila, as well as the participants at EcoMod 2016 Conference (Lisbon) for their valuable comments and suggestions. Carlos Usabiaga acknowledges financial support from the Spanish Ministry of Economics and Competitiveness under grant ECO2012-35430 and the Andalusian Council of Economics and Knowledge (SEJ-513 PAI Research Group).
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