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Capital público y crecimiento económico en España 1980-2004

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  • José Luis Torres-Chacón

    ()
    (Universidad de Málaga)

Abstract

This paper analyses the contribution of public capital stock to output and productivity growth in Spain. We use a simple growth general equilibrium model in which public capital stock is included as an additional input to private factors. Calibration of the model to the Spanish economy for the period 1980-2004 shows that the output elasticity of public capital is 0.068. For the period 1980-2004 we find that the average contribution of public capital to output growth was of 0.35 percentage points, of an output growth of 2.8% per year. This implies that about 13% of all output growth was due to public capital.

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Bibliographic Info

Article provided by IEF in its journal Hacienda Pública Española/Revista de Economía Pública.

Volume (Year): 188 (2009)
Issue (Month): 1 (March)
Pages: 31-53

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Handle: RePEc:hpe:journl:y:2009:v:188:1:p:31-53

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Keywords: Public capital; growth decomposition; productivity; general equilibrium;

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