This work marks the start of a series of projects that will analyse the evolution of GDP per capital in Spain's autonomous communities and its determining factors, using the related series of regional income and employment found in the RegData database described by De la Fuente (2017).
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It seems that in the age-old battle between labour and capital the latter has been gaining ground recently. In the majority of advanced economies the share of national income going to wage and salary earners is falling. What is the reason for the fall in labour’s share of income? There are several possible explanations.