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Transition costs and economic effects of the sovereignty process in Catalonia
Author(s) -
BenítezAurioles Beatriz
Publication year - 2019
Publication title -
regional science policy and practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.342
H-Index - 8
ISSN - 1757-7802
DOI - 10.1111/rsp3.12207
Subject(s) - catalan , sovereignty , argument (complex analysis) , economics , independence (probability theory) , quarter (canadian coin) , process (computing) , politics , economy , macroeconomics , political science , geography , computer science , humanities , mathematics , statistics , law , philosophy , biochemistry , chemistry , archaeology , operating system
The objective of this paper is to evaluate the real effects on the Catalan economy of the growth of uncertainty related to a series of political decisions that confronted the Governments of Catalonia and Spain, taking independence as an argument. In principle, the deterioration of certain economic indicators, including the GDP, is verified in the most critical phase of the process, which corresponds to the last quarter of 2017. However, employment has not shown a particularly negative behaviour in Catalonia compared to what happened in Spain as a whole. Furthermore, an econometric analysis with production data does not confirm a deterioration of the region's economic performance in a clear way. In consequence, it is not possible to conclude that the costs associated to the sovereignty process in Catalonia have been particularly important; and, in any case, we contribute estimations that show that their quantification will depend of the methodology and data used.