Adam, Hanna; Larch, Mario; Paniagua, Jordi - 2023
We quantify the economic impact of a potential secession of Catalonia from Spain. Using a novel dataset of trade flows … between 17 Spanish sub-national regions and 142 countries, we estimate effects of different levels of borders on trade flows … associated political uncertainty. In counterfactual experiments, we impose new borders on Catalan trade, potentially within or …