How the 2008 financial crisis affected the Spanish economy due to household income

Economic crises do not affect all households in the same way; therefore, it is crucial to analyze the differences in their impact based on household income. The last economic crisis, the financial crisis of 2008, lasted until 2013 in Spain; however, economic recovery was not considered to have been...

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Detalles Bibliográficos
Autores: Martínez-García, Miguel Á., Cámara, Ángeles
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universidad Rey Juan Carlos
Repositorio:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
OAI Identifier:oai:burjcdigital.urjc.es:10115/41145
Acceso en línea:https://hdl.handle.net/10115/41145
Access Level:acceso abierto
Palabra clave:households
income
economic crisis
input-output analysis
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spelling How the 2008 financial crisis affected the Spanish economy due to household incomeMartínez-García, Miguel Á.Cámara, Ángeleshouseholdsincomeeconomic crisisinput-output analysisEconomic crises do not affect all households in the same way; therefore, it is crucial to analyze the differences in their impact based on household income. The last economic crisis, the financial crisis of 2008, lasted until 2013 in Spain; however, economic recovery was not considered to have been effectively achieved until 2016, when economic performance exceeded the pre-crisis level. Economic recovery was not reflected in households in the same way because of household income inequalities. This study identified the different effects of an economic crisis on households and economic sectors through a multisectoral model by analyzing the consumption behaviors of households according to monthly income after the crisis. A simulation was carried out based on consumption data for 2015, which identified the production sectors that suffered the greatest losses because of a crisis-induced decrease in household consumption spending. The results reveal that the decrease in low-income household consumption mainly affected accommodation and food services, manufactured products, wholesale and retail trade services, and activity generated by households as employers of domestic workers.AMER INST MATHEMATICAL SCIENCES-AIMS202420242024info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10115/41145reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlosinstname:Universidad Rey Juan CarlosInglésAttribution 4.0 Internationalhttps://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:burjcdigital.urjc.es:10115/411452026-06-24T12:48:17Z
dc.title.none.fl_str_mv How the 2008 financial crisis affected the Spanish economy due to household income
title How the 2008 financial crisis affected the Spanish economy due to household income
spellingShingle How the 2008 financial crisis affected the Spanish economy due to household income
Martínez-García, Miguel Á.
households
income
economic crisis
input-output analysis
title_short How the 2008 financial crisis affected the Spanish economy due to household income
title_full How the 2008 financial crisis affected the Spanish economy due to household income
title_fullStr How the 2008 financial crisis affected the Spanish economy due to household income
title_full_unstemmed How the 2008 financial crisis affected the Spanish economy due to household income
title_sort How the 2008 financial crisis affected the Spanish economy due to household income
dc.creator.none.fl_str_mv Martínez-García, Miguel Á.
Cámara, Ángeles
author Martínez-García, Miguel Á.
author_facet Martínez-García, Miguel Á.
Cámara, Ángeles
author_role author
author2 Cámara, Ángeles
author2_role author
dc.subject.none.fl_str_mv households
income
economic crisis
input-output analysis
topic households
income
economic crisis
input-output analysis
description Economic crises do not affect all households in the same way; therefore, it is crucial to analyze the differences in their impact based on household income. The last economic crisis, the financial crisis of 2008, lasted until 2013 in Spain; however, economic recovery was not considered to have been effectively achieved until 2016, when economic performance exceeded the pre-crisis level. Economic recovery was not reflected in households in the same way because of household income inequalities. This study identified the different effects of an economic crisis on households and economic sectors through a multisectoral model by analyzing the consumption behaviors of households according to monthly income after the crisis. A simulation was carried out based on consumption data for 2015, which identified the production sectors that suffered the greatest losses because of a crisis-induced decrease in household consumption spending. The results reveal that the decrease in low-income household consumption mainly affected accommodation and food services, manufactured products, wholesale and retail trade services, and activity generated by households as employers of domestic workers.
publishDate 2024
dc.date.none.fl_str_mv 2024
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10115/41145
url https://hdl.handle.net/10115/41145
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv Attribution 4.0 International
https://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution 4.0 International
https://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv AMER INST MATHEMATICAL SCIENCES-AIMS
publisher.none.fl_str_mv AMER INST MATHEMATICAL SCIENCES-AIMS
dc.source.none.fl_str_mv reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
instname:Universidad Rey Juan Carlos
instname_str Universidad Rey Juan Carlos
reponame_str BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
collection BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
repository.name.fl_str_mv
repository.mail.fl_str_mv
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