2026-04-13T00:12:01Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/1891872025-11-20T10:15:10Zcom_2072_1057col_2072_478809col_2072_478917
RECERCAT
author
Esteller Moré, Alejandro
author
Rizzo, Leonzio
2022-09-20T10:01:30Z2024-02-01T06:10:25Z2022-08-012022-09-20T10:01:31Z
Due to the pro-independence demands of part of its electorate, the political fit of Catalonia within Spain has given rise to notable political tensions over the last few years. This conflict has progressively affected several dimensions of Catalan society, including, potentially, the economy. The illegal referendum on independence, held in October 2017, marked the climax of political and social tensions, leading to a Constitutional crisis and further stoking the conflict as opposed to offering any hope of an early resolution. We analyze a complete set of margins potentially affected by the referendum, including real (aggregate demand and supply) and financial responses. Using a synthetic control method, we find strong evidence of the outflow of short-term bank deposits after the referendum; while, on the real side, we find evidence of responses in aggregate supply (number of capital increases and number of new firms registered).
(c) Taylor and Francis, 2022 info:eu-repo/semantics/openAccess
Referèndum de l'1 d'octubre de 2017, Catalunya
Secessió
Economia
Flux de caixa
Incertesa
Control de costos
Catalan independence referendum, 2017
Secession
Economics
Cash-flow
Uncertainty
Cost control
The Economic Costs of a Secessionist Conflict: The Case of Catalonia
info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion