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This paper analyzes Okun's Law for Spain using regional data. The results confirm a very high Okun coefficient for Spain, with a high degree of regional heterogeneity. Furthermore, we find that panel data techniques provide notably more stable estimates than time series techniques applied to the same regional data. Finally, the results reveal a remarkable degree of regional heterogeneity in cyclical asymmetry in Okun's Law for the Spanish case. [ABSTRACT FROM AUTHOR]

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The aim of this research was to study the influence of related variety on the economic performance of Spanish provinces during the international crisis (2009–2013) and the post‐crisis period (2014–2018), with the goal of contributing to assess the validity of the skill‐relatedness approach. The research is based on labor flows in a sample of more than one million affiliated workers. Our results confirmed the influence of related variety on the growth of GDP and employment in knowledge‐based industries, in protecting against unemployment, as well as on the creation of new firms, although with marked differences according to the economic cycle. Robustness issues and possible lines of progress using this novel methodology are also discussed. [ABSTRACT FROM AUTHOR]

Regional cohesion has been one of the European Union's objectives since its origins. Its strategies and implementations have been modified over time, adjusting to the incorporation of new members and to different economic cycles. To gain more knowledge about the impact of cohesion policies, we use the Lisbon Regional Index, a synthetic indicator that brings together the global objectives of the Lisbon Strategy, that includes simple indicators of employment, training and research, development and innovation expenditures of the regions. The evolution of this Index over time gives the possibility of dynamic analysis and enables comparing the values of synthetic index for all the years of the considered period. Thereby, the development and cohesion on the Spanish regions can be evaluated, and it is verified how cohesion has improved in Spain in the expansive period (2000-2007) and how the Great Crisis has caused a regression of cohesion, affecting to a greater extent the regions "in transition" and "less developed", reaching levels prior to 2000. The next period (2014-2019) shows important signs of positive trend recovery. [ABSTRACT FROM AUTHOR]