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Centrality and Capital Costs in Urban Areas: Policy Watch for Spain

Author

Listed:
  • María Cadaval Sampedro

    (Universidade de Santiago de Compostela)

  • Alberto Vaquero García

    (GEN- Universidade de Vigo)

Abstract

For decades the discussion on the local public services in urban areas pivoted on the advantages and disadvantages of central cities. Their effects are difficult to measure and mitigate, the benefits are debatable although the literature proposes a set of answers. Some of these options have been adopted in practice through different economic policy measures that spark a debate. This paper is the first to collect a survey with the different positions regarding the costs and benefits of centrality and it also provides a policy watch of economic policy measures that have been put into practice in Spain.

Suggested Citation

  • María Cadaval Sampedro & Alberto Vaquero García, 2023. "Centrality and Capital Costs in Urban Areas: Policy Watch for Spain," Hacienda Pública Española / Review of Public Economics, IEF, vol. 244(1), pages 57-78, March.
  • Handle: RePEc:hpe:journl:y:2023:v:244:i:1:p:57-78
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    References listed on IDEAS

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    More about this item

    Keywords

    Urban areas; Central cities; Capital cost; Agglomeration economies; Policy watch.;
    All these keywords.

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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