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AbstractIn this paper we estimate the relationship between the growth rate of Spanish regions' GDP and the level of regional redistribution. We will do so considering the period 2002–2016 using a panel of 17 Spanish regions. Our estimates suggest that regional redistribution has a negative impact on regional GDP growth rates, regardless of whether the region is recipient or donor of fiscal transfers. This suggests that territorial redistribution as it comes out from the central transfers is harmful for growth. A policy implication of our results is that donor regions do find in the Spanish context a solid argument for secession, especially in a framework where regional governments, or regional interests, are not well represented in the Spanish institutions in order to modify the present state of affairs.

Christopher Deeming and Paul Smyth together with internationally renowned contributors propose that the merging of the 'social investment' and 'inclusive growth and development' agendas is forging an unprecedented global social policy framework. The book shows how these key ideas together with the environmental imperative of 'sustainability' are shaping a new global development agenda. This framework opens the way to a truly global social policy discipline making it essential reading for those working in social and public policy, politics, economics and development as well geographical and environmental sciences. In the spirit of the UN's Sustainability Goals, the book will assist all those seeking to forge a new policy consensus for the 21st century based on Social Investment for Inclusive Growth and Sustainable Development. Contributors include Giuliano Bonoli, Marius Busemeyer, Sarah Cook, Guillem López-Casasnovas, Anton Hemerijck, Stephan Klasen, Huck-ju Kwon, Tim Jackson, Jane Jenson, Jon Kvist, James Midgley, and Günther Schmid