Measure of the resilience to Spanish economic crisis: the role of specialization

Authors

  • Ana Angulo University of Zaragoza
  • Jesús Mur University of Zaragoza
  • Javier Trivez University of Zaragoza

DOI:

https://doi.org/10.17811/ebl.3.4.2014.263-275

Abstract

Forecasting regional variables provides very important information for political, institutional and economic agents. In this paper, we use predictions from spatial panel data models to evaluate regional resilience to the present economic crisis in term of annual growth rate of employment. Furthermore, we evaluate whether specialization plays a significant role in the degree of resilience to the economic crisis suffered in Spain from 2007. Results show that while specialization on construction and non-market services declines resilience to the crisis, specialization on energy and manufacturing or distribution, transport and common services enlarges the availability of returning to his pre-shock growth path.

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Published

30-12-2014

How to Cite

Angulo, A., Mur, J., & Trivez, J. (2014). Measure of the resilience to Spanish economic crisis: the role of specialization. Economics and Business Letters, 3(4), 263–275. https://doi.org/10.17811/ebl.3.4.2014.263-275

Issue

Vol. 3 No. 4 (2014): December - Special Issue Advances in Regional Forecasting

Section

Special Section

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