Growth and Regional Development in an Enlarged European Union
Edited by Gertrude Tumpel-Gugerell and Peter Mooslechner
Chapter 4: Regional convergence in Spain, 1965Â…95
4. Regional convergence in Spain, 1965–95 Angel de la Fuente 4.1. INTRODUCTION1 In this chapter I review the process of regional convergence in Spain over the last two decades and explore the forces driving this process, with special reference to the impact of regional policies and aggregate growth performance. To do this, I will rely on a standard measure of convergence (the rate of unconditional ␤-convergence)2 and use a technique that allows me to decompose this measure into the sum of a series of partial convergence coeﬃcients that capture the contribution of diﬀerent variables of interest to the reduction of regional disparities. In this manner, we can trace back the observed reduction of inequality to the evolution of the diﬀerent components of income per capita and isolate the eﬀects of employment-related variables and the accumulation of productive factors, among other things. The chapter is organized as follows. In Section 4.2 I brieﬂy review Spain’s performance over the period 1965–95 in terms of growth, employment creation and regional convergence. In Section 4.3 I present and discuss the results of the decomposition of the rate of regional convergence in income per capita for each of the three decades in the sample period. One clear implication of the results is that the poor employment performance of the less advanced regions has been a major factor in the convergence slowdown we observe in Spain during this period. Section 4.4 concludes with an exploration of the possible...
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