Ranking the Spanish regions according to their resilience capacity during 1965-2011

Abstract

[eng] We rank the economic resilience capacity of the 17 Spanish regions by observing the evolution of the components of the rate of profit. To thisaim, we analyze the differential evolution of the two components of the profit rate: (i) the productivity of capital and (ii) the gross operatingsurplus share on national income. The first component rests on the dynamics of aggregate demand and technical efficiency, while the secondone informs on the dynamics of income distribution. We consider that the dynamics of these two variables are relevant to rank the economicresilience capacity of the Spanish regions.