Hierarchical analysis of the evolution of the economic dynamics of Spanish regions during the period 1955-2009
The aim of this work is to analyse the regional Spanish growth dynamic from 1955 to 2009. In so doing we introduce two different metrics which permit to compare the economic performance of the Spanish regions based on the temporal series correlation and distance from a dynamic systems framework. By applying a non parametric method to these metrics we detect two different kinds of «performance clubs». One of them shows a relatively homogenous growth dynamic and it is basically conformed by the richest Spanish regions. The other one has shown a more heterogeneous growth dynamic. The economic dynamic of both clubs has been completely different.