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Public infrastructure and regional asymmetries in Spain

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  • Alfredo MARVÃO PEREIRA
  • Oriol ROCA-SAGALES

Abstract

L?objectif de cet article est d?analyser les effets économiques des infrastructures publiques en Espagne. Les résultats empiriques s?appuient sur des modèles VAR concernant l?output, l?emploi, le capital privé, et les infrastructures publiques. Nous estimons des modèles agrégés et des modèles régionaux pour les 17 régions espagnoles. En ce qui concerne les modèles régionaux, nous avons inclus les infrastructures publiques construites dans la région et aussi celles mises en place dans le reste du pays, afin de prendre en considération l?existence éventuelle des effets spillovers. Les résultats montrent, d?une part, l?importance des effets spillovers entre régions, et, d?autre part, l?augmentation des déséquilibres régionaux, bien que les infrastructures aient constitué un instrument très fort pour promouvoir la croissance économique à long terme. On peut en conclure que le processus de convergence de l?économie espagnole vers les standards de l?UE a supposé l?augmentation des asymétries en Espagne.

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Bibliographic Info

Article provided by Armand Colin in its journal Revue d’Économie Régionale & Urbaine.

Volume (Year): octobre (2007)
Issue (Month): 3 ()
Pages: 503-519

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Handle: RePEc:cai:rerarc:reru_073_0503

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Web page: http://www.cairn.info/revue-d-economie-regionale-et-urbaine.htm

Related research

Keywords: public infrastructure; regional spillovers; regional asymmetries; infrastructure publique; spillovers; asymétries régionales;

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References

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  1. Demetriades, Panicos O & Mamuneas, Theofanis P, 2000. "Intertemporal Output and Employment Effects of Public Infrastructure Capital: Evidence from 12 OECD Economics," Economic Journal, Royal Economic Society, vol. 110(465), pages 687-712, July.
  2. Aschauer, David Alan, 1989. "Does public capital crowd out private capital?," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 171-188, September.
  3. Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 1998. "Monetary Policy Shocks: What Have We Learned and to What End?," NBER Working Papers 6400, National Bureau of Economic Research, Inc.
  4. Isabel Argimon & Jose Gonzalez-Paramo & Jose Roldan, 1997. "Evidence of public spending crowding-out from a panel of OECD countries," Applied Economics, Taylor & Francis Journals, vol. 29(8), pages 1001-1010.
  5. Pereira, Alfredo Marvao & Roca-Sagales, Oriol, 2003. "Spillover effects of public capital formation: evidence from the Spanish regions," Journal of Urban Economics, Elsevier, vol. 53(2), pages 238-256, March.
  6. David Alan Aschauer, 1997. "Output and Employment Effects of Public Policy," Macroeconomics 9711002, EconWPA.
  7. Cantos, Pedro & Gumbau-Albert, Mercedes & Maudos, Joaquin, 2005. "Transport infrastructures and regional growth: evidence of the Spanish case," MPRA Paper 15261, University Library of Munich, Germany.
  8. Rudebusch, G.D., 1996. "Do Measures of Monetary Policy in a VAR Make Sense?," Papers 269, Banca Italia - Servizio di Studi.
  9. Alfredo M. Pereira, 2000. "Is All Public Capital Created Equal?," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 513-518, August.
  10. Bentolila, S, 1996. "Sticky Labor in Spanish Regions," Papers 9616, Centro de Estudios Monetarios Y Financieros-.
  11. Lawrence J. Christiano & Martin Eichenbaum & Charles Evans, 1994. "The effects of monetary policy shocks: evidence from the flow of funds," Proceedings, Federal Reserve Bank of Dallas, issue Apr.
  12. Alfredo Pereira & Jorge Andraz, 2004. "Public highway spending and state spillovers in the USA," Applied Economics Letters, Taylor & Francis Journals, vol. 11(12), pages 785-788.
  13. Pereira, Alfredo M. & de Frutos, Rafael Flores, 1999. "Public Capital Accumulation and Private Sector Performance," Journal of Urban Economics, Elsevier, vol. 46(2), pages 300-322, September.
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Citations

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Cited by:
  1. Alfredo M. Pereira & Jorge M. Andraz, 2006. "On the Economic and Fiscal Effects of Investment in Road Infrastructure in Portugal," Working Papers 33, Department of Economics, College of William and Mary, revised 15 Sep 2010.
  2. Aurora Teixeira & Sandra Silva & Pedro Teixeira, 2012. "The Scientific Contribution of Leonor Vasconcelos Ferreira," Notas Económicas, Faculdade de Economia, Universidade de Coimbra, issue 35, pages 10-19, June.
  3. Alfredo M. Pereira & Jorge M. Andraz, 2013. "On The Economic Effects Of Public Infrastructure Investment: A Survey Of The International Evidence," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 1-37, December.
  4. Gianpiero Torrisi, 2010. "Infrastructures and Economic Performance: A Critical Comparison Across Four Approaches," Theoretical and Practical Research in Economic Fields, ASERS Publishing, vol. 0(1), pages 86-96, June.
  5. Antonio Estache, 2010. "A survey of impact evaluations of infrastructure projects, programs and policies," Working Papers ECARES 2010_005, ULB -- Universite Libre de Bruxelles.

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