A high percentage of Valencians in the Community of Madrid have highly qualified jobs, while the majority of Madrilenians in the Community of Valencia have medium and low-qualified jobs, reveals a new study carried out by the Conexus Foundation in collaboration with the Valencian Institute of Economic Research (lvie).
The part of the study that refers to the sociodemographic and labor relations between both communities highlights, with data from 2018, that Madrid is the third region with the highest number of inhabitants in the Valencian Community (78,996 Madrid residents) and represents 1.6% of the employment in this community. For its part, the Mediterranean region is the eighth with the largest presence in Madrid (47,414 Valencians) and represents 0.6% of those employed.
The different types of jobs in which they work are noteworthy: 68.4% of Valencians in Madrid are concentrated in qualified positions while most of the people from Madrid in Valencia occupy positions of medium or low qualification (54.4%). “This happens because the productive fabric of the two communities is not the same. The chances of finding qualified jobs in Madrid are greater than those of finding them in Valencia ”, explains Francisco Pérez, Director of Research at the Ivie.
The report assesses the intensity of commercial, financial, mobility and labor market relationships. The document shows that the Community of Madrid is the first region of origin and destination of purchases and sales of Valencian companies. Madrid concentrates 33.1% of all the sales that Valencian companies make to other regions. It also accounts for 35.6% of the purchases made by them to the whole country.
In exchange of goods, Madrid is the second region for the sale of Valencian products (12.7% of the total), only behind Catalonia (18.7%). In addition, the capital is the third in purchases by the Valencian Community (12.3% of the total), after Catalonia (24.6%) and Murcia (17%). However, the Valencian Community is the fourth region to which Madrid sales are directed (11.7%) and the fifth in which Madrid makes purchases (6.3%).
The report analyzes the transport of goods between the two communities in depth and stands out among the data obtained that 30% of the freight traffic between the communities is carried out by rail, an extremely significant contribution taking into account that only 5% of the total inland freight transport is carried out through this means, this is largely due to the existence of the Port of Valencia. The scarce transport of goods by rail at the national level has been referred to as a “worrying figure and in dissonance with what happens in the European Union, where the 17% of goods are transported by rail, which is less polluting »explains Joaquín Maudos.
In the case of air transport, Madrid is the second destination for goods leaving the Valencia airport (23.1%), while this last location is the fourth most important destination for goods leaving the Madrid airport (3, 6% of the total).
Likewise, the analysis of financial sector highlights that both investors from the Community of Madrid and investors from the Valencian Community are the main shareholders in companies in the other community, excluding shareholders from the company’s own region. Almost half of the capital by shares in Valencian companies comes from the capital of the Community of Madrid (47%), while investors from the Valencian Community are the main shareholders in Madrid companies with 30% of the shareholders coming from other regions.
The presentation featured a subsequent debate in which the president of the Conexus Foundation, Manuel Broseta, the former minister and advisor of Conexus, Jordi Sevilla, the Ivie’s Research Director, Francisco Pérez, and the head of Economic Analysis at BBVA participated. , Rafael Doménech. During the exchange of opinions, the president of the Conexus Foundation, Manuel Broseta proposed converting the Madrid-Valencian Community Hub into a “green corridor”.
«This project (Green Corridor) entails frome the expansion and digitization of the Port of Valencia, to a system of platforms for storage and exchange of goods in the A-3 itself, which is accessible, perfectly connected, and ecological and digitized ”, has proposed Broseta, who also wanted to highlight that part of European funds could be used to invest in such a plan. In this sense, Francisco Pérez has endorsed this idea: «I think that effectively the green and digital reinforcement of the Mediterranean Corridor is a good idea because it fits in with the philosophy of these European funds in which they want to combine the commitment to recovery and commitment to transformation ”.
Conexus has described the project as European territorial, which should be subject to public-private actions, and which would have weight in issues such as green energy, the circular economy and telecommunications.