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Published on Wednesday, April 3, 2019 | Updated on Wednesday, April 3, 2019

Spain | Interdependence and regional sensitivity to national and global shocks

This paper quantifies and analyses the interrelationship between the economic activity (GDP) of each Spanish region in response to the variation in economic activity of the remaining regions and to oil price shocks. The regional GVAR model developed offers great potential for many lines of analysis and the monitoring and projection of regional economic activity.