ANNEX 2
Table A.2.1. Comparison at a national level between the proposed indicator and the long-run
response of output in front of a monetary shock obtained by Carlino and DeFina (1998)
|
% Manufacturing |
% Building |
Average firm size |
Indicator |
Carlino-DeFina | |
|
Spain |
20,80 |
784 |
13,79 |
47,57 |
2,05 |
|
France |
20,92 |
5,47 |
72,72 |
-13,60 |
1,42 |
|
Netherlands |
18,55 |
5,48 |
94,16 |
-37,41 |
1,42 |
|
Ireland |
29,88 |
5,52 |
44,71 |
23,41 |
2,20 |
|
Italy |
23,98 |
5,97 |
82,64 Tst -τ; md m ... .ʌ. ɪʌ |
-19,97 |
1,43 |
Source: Own elaboration from Eurostat-Regio (1st and 2nd column); DAISIE Annual industrial survey (NEW
CRONOS) (3rd column) and Carlino and DeFina (1998).
ANNEX 3
Figure A.3.1. Evolution of main macroeconomic variables in Spain from 1985 to 1992 (annual
growth rates, except for interest rates -R-)
Source: Eurostat (GAV) and INE (Consumer Prices Index, Interest Rates and M3).
22
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