Redistribuição Regional e Estabilização Espacial do Rendimento - Uma Análise Descritiva para Portugal

Abstract

The main idea of this paper is that although the per capita regional Gross Domestic Product is a good indicator of regional income according with its place of generation, when it arises from the production process, it cannot take into account the spatial redistributive process that comes after production, when the income is distributed to the households. The paper describes the transformation of the regional product on the adjusted disposable income of the households that reside in each region, focusing on the different redistributive fl ows that proceed with that transformation. The adjusted disposable income is the base for the households’ decision on their actual consumption. The fi rst part of the paper deals with the inter-regional redistribution of income, wondering how the regional product inequalities are smoothed when the income fall into the hands of the households, forming their adjusted disposable income (or, if the opposite is true, how they are amplifi ed). In the second part, we adopt a dynamic approach looking at the spatial stabilization of income effect. Our purpose is to analyze the shocks on the regional product, and to discuss how they are absorbed (or not) when the production income is transmuted into the regional adjusted disposable income of the households, in a process also called risk sharing.