Regional & Urban Economics
Regional & Urban Economics latest publications
Most sectors slow down sharply. Lower growth in 1H19, inertia defines the state performance pattern.
Catalonia's GDP is expected to increase by 1.8% in 2019 and by 1.6% in 2020. This will enable the creation of around 115,000 new jobs between the end of 2018 and 2020, and reduce the unemployment rate to 11.0%
The economy of Cantabria grew by 3.4% in 2018 and will advance by 1.8% in 2019 and by 1.7% in 2020. This will add around 5,000 new jobs in the biennium, although the risks are numerous and some of them are more likely now. The employment level will be 6.8 percentage points below the pre-crisis level
The economy of Valencian Community grew by 2.1% in 2018 and will advance by 2.0% in 2019 and by 1.4% in 2020. This will add around 74,000 new jobs in the biennium, although the risks are numerous and some of them are more likely now. The employment level will be 6.4 percentage points below the pre-crisis level
Regions with less income should have the highest growth rates. Capital is scarce in the more disadvantaged regions, which means higher profitability. In theory, this should encourage investment; but is that what has happened during crisis and recovery in Spain?
Aragon keeps its tendence of slower GDP growth.It could grow 2.0% in 2019 and 1,5% in 2020, given renewed commercial tensions and plenty of risks remain.
October 29, 2019
The Evolution of Financing For Autonomous Communities Under the Common System, 2002–2017
This paper establishes homogenized series of regional financing, based on homogeneous competencies and fiscal effort, between 2002 and 2017.
Growth revised downwards due to weak European consumption and demand, with more impact on northern regions and tourist destinations.