The Economy of Catalonia

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IDESCAT (2013), based on data from the annual survey of the service sector conducted by the INE. IDESCAT(2013), based on the Directori Central d’Empreses(DIRCE) of the INE. Instituto de Estudios Económicos (2013) «La cuestión catalana, hoy», Madrid .http://crones.es/pdf/IEE_cuestion_catalana.pdf Poveda,C.(2012)»Anàlisi de l’exportació catalana des d’una perspectiva empresarial», Memòria Econòmica 2011,Cambra de Comerç de Barcelona, p.258. Tugores, J. (2013) «El resultat no serà gaire dramàtic però el pitjor enemic del procés són les incerteses», http://laquestiocatalana.cat/Entrevistes/Joan-Tugores 204 The Economy of Catalonia
12 Impact of an independent Catalonia: the economists’ view Àngel Hermosilla (Translated by Monika Ferré) Introduction This chapter contains the views of the group of economists who form The Catalan Association of Economists (Col·legi d’Economistes de Catalunya) concerning Catalonia’s future in relation to Spain and the consequences that might arise in the case of Catalonia becoming an independent State. It considers different aspects (relation to the European Union, economic feasibility, the impact on the Catalan economy...). It is a highly qualified opinion given the relationship between the economy and the subject, especially considering the broad professional and social base of these economists in many fields of everyday life. Their views were collected in a survey designed for this purpose. The documentary base of the chapter is the 1,261 responses obtained from a survey containing 15 questions, electronically submitted on three occasions between 17 September and 1 October 2013 58 . The survey was sent to the 6,060 members of The Catalan Association of Economists and 58. We acknowledge and thank J. B. Casas, O. Amat, M. Guinjoan and Ll. Santaló for designing the questionnaire and the technical services of The Catalan Association of Economists for administering the survey. 205
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The Economy of Catalonia Questions
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Oriol Amat, Núria Bosch, Antoni Ca
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Contents Preface to the English Edi
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Preface to the English edition This
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Preface (Translated by Jordi Vilano
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Introduction (Translated by Jordi V
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1 The position of an independent Ca
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United States such as Massachusetts
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2010, Catalonia was in 64th place o
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fact, this combination of factors a
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ilar population to Catalonia and sh
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ence in emerging markets, especiall
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fact, the high proportion of multin
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egion in volume of inward investmen
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mega-regions towards sustainability
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also be confronted with the paradox
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the reasons that are emerging for a
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This 47.1% signifies a considerable
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2005 2006 2007 2008 2009 2010 Estim
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and there would be no need for cuts
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centage of freight between Spain an
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to prevent Spain’s point-blank re
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) The effects on markets, especiall
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speak of the coefficient of central
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Bibliographical references Amat, O.
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Rodríguez Mora, J. V. (2012) «Por
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For the purposes of economic analys
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It should also be recalled that the
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The reasons for regional economic i
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their mind» about European integra
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the Copenhagen criteria, which esta
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in the European Economic Area, whic
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ing the status of member of the Uni
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3.2. In or out of the European Unio
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were to veto the request, experts e
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In November 2012, Granell expressed
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-The regulatory fragmentation that
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would have to find alternative solu
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economic shocks, any one of which,
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In my opinion, an impartial reading
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4 In or out of the euro 4.1. An ind
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Analysis of possible scenarios Scen
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official currency and financial ins
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nisms and the European interbank pa
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arising from the integration of a h
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4.2. In or out ofthe euro: certaint
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prevent or limit damage to the mult
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Let me make a short comment on the
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context of a Spain that leaves the
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Col·lectiu Wilson (2012) «Europe,
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termediation, which is performed by
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The Catalan financial system The Ca
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Financial institutions with headqua
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• The bank was put up for auction
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had risen by 16.3%, staff had been
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go to Brussels and say that they ha
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Appendix This article is complement
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The Catalan Public Sector in the Eu
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20% 18% 18.8% 16% 16.2% 15.5% 13.6%
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9% 8% 7.9% 7% 6.5% 6.4% 6.2% 5.8% 5
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It is very obvious that Madrid has
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Spain Catalonia Generalitat Variati
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- Armed Forces: in the form of army
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Pérez, F. (DIR), Cucarella, V. and
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and to the private sector. Another
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2006 2007 2008 2009 Direct taxes 17
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method, that is to say, the expense
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itory. The same applies to the prog
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2006 2007 2008 2009 Spanish State e
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e obtained. Table 3 shows that the
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with the EU in the period 2007-2013
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8 Debt and distribution of assets 2
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this study. The difference between
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the State’s property and debts on
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Page 157 and 158: The main source of International La
Page 159 and 160: Principles of distribution of asset
Page 161 and 162: Immovable property of the State con
Page 163 and 164: Social Security Reserve Fund On con
Page 165 and 166: Investments according to Additional
Page 167 and 168: Forecasts Million euros 2007 2008 2
Page 169 and 170: Possible negotiation scenarios What
Page 171 and 172: Even if it were only possible to ev
Page 173 and 174: States that form part of 21st-centu
Page 175: Spanish Royal Decree 496/1987, of 1
Page 178 and 179: Social Security contributions, pens
Page 180 and 181: ury and its managing agencies (auto
Page 182 and 183: citizens tend to join the labour ma
Page 184 and 185: in the economic, social and cultura
Page 186 and 187: declaration of independence, the bo
Page 188 and 189: oycott would have a more pronounced
Page 190 and 191: the will of the people. The great m
Page 192 and 193: Guinjoan, M. and Cuadras, X. (2011)
Page 194 and 195: Denmark, Finland, Austria, the Neth
Page 196 and 197: 2012 Company Sector Sales (€m) 1
Page 198 and 199: Export companies There were 43,176
Page 200 and 201: Spain, and appreciably more than th
Page 202 and 203: Conclusions After considering how c
Page 204 and 205: likely to be in the firing line are
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Page 212 and 213: sioners, business people and/or the
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Page 216 and 217: alternative. This is not supported
Page 218 and 219: More specifically, 94.6% of pension
Page 220 and 221: 37.8% 57.8% 4.4% Yes No opinion No
Page 222 and 223: fessionally and 47.8% believe it wo
Page 225 and 226: 13 Conclusions: economic certaintie
Page 227 and 228: having less potential and less per
Page 229 and 230: Catalonia had been an independent S
Page 231: ands and a declining proportion of
Page 234: Anton Gasol. Doctor of Economics, f
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The Economy of Catalonia

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