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Will the Spanish regions converge in a near future?

Rafael Flores de Frutos, Manuel León Navarro and Sofía Tirado Sarti

Applied Economics, 2021, vol. 53, issue 26, 3043-3053

Abstract: GDP and Employment of small Spanish regions seem to be I(1) variables, while their corresponding Capital Stocks seem to be I(2) variables. This contrasts with the statistical properties of the same variables for the Spanish big regions, all being I(2). The paper relates these properties with the problems of convergence shown by many Spanish regions. Also, it highlights important implications for economic policy.

Date: 2021
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DOI: 10.1080/00036846.2021.1871585

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