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dc.contributor.authorAuciello Estévez, Iván
dc.contributor.authorPuente, Sergio
dc.coverage.spatialEspaña
dc.date.accessioned2023-03-08T11:09:34Z
dc.date.available2023-03-08T11:09:34Z
dc.date.issued2023-03-07
dc.identifier.issn1695-9086 (en línea)
dc.identifier.issn1130-4987 (en papel)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/29773
dc.description.abstractRationale Economic convergence measured by income per capita refers to the process whereby lower income regions post higher growth, so that over time cross-regional differences diminish. This process was quite intense in Spain from 1980 to 2008 when, coinciding with the onset of the financial crisis, it came to a halt. Accordingly, it is of interest to document this phenomenon and investigate its possible causes. Takeaways •Economic convergence between the Spanish regions was intense from 1980 to 2008, when it came to a halt following the outbreak of the financial crisis. •Labour productivity, largely driven by capital accumulation, was the main determinant of the convergence process between 1980 and 2008. It is also the main contributor to its subsequent stagnation. •However, in the most recent period, population ageing, which is especially pronounced in regions with higher income per capita, has helped to narrow the differences, albeit not sufficiently to offset the impact of the other factors.
dc.format.extent11 p.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofEconomic Bulletin / Banco de España, 2023/Q1, 17
dc.relation.hasversionVersión en español 123456789/29770
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectConvergence
dc.subjectDemographics
dc.subjectProductivity
dc.subjectRegions
dc.titleRecent changes in cross-regional convergence patterns
dc.typeArtículo
dc.identifier.bdebib000474099
dc.identifier.bdepubECBU-2023-Q1-17
dc.subject.bdeEconomía regional y recursos naturales
dc.subject.bdeMercado de trabajo
dc.publisher.bdeMadrid : Banco de España, 2023
dc.subject.jelJ11
dc.subject.jelJ21
dc.subject.jelR11
dc.subject.jelR53
dc.identifier.doihttps://doi.org/10.53479/29773
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