RODRÍGUEZ VÁLEZ, J. () (Departamento de Economía-Universidad de León e Instituto L.R. Klein-Universidad Autónoma de Madrid. Campus de Vegazana. 24071 - León.) ARIAS SAMPEDRO, C. () (Departamento de Economía-Universidad de León. Campus de Vegazana. 24071 - León.)
Abstract
Este trabajo analiza el papel de las infraestructuras en la producción regional. En particular, se presta atención a la existencia de desbordamiento espacial del capital público entre regiones. La frontera de producción estocástica permite modelizar la heterogeneidad regional a través de la existencia de diferentes grados de eficiencia regional. Además, el modelo permite analizar variables capaces de explicar el grado de eficiencia. En este sentido, una variable de particular interés es la ratio de composición del capital de la economía, público-privado. En el trabajo se argumenta que los efectos de esta variable en la eficiencia pueden ser usados como evidencia de la existencia de retardos entre la instalación del capital público y el momento en que sea totalmente productivo. Si este fenómeno ocurre las fronteras de producción medias pueden infravalorar notablemente la productividad del capital público. This paper uses stochastic frontiers for the analysis of the role of public capital on regional production. In particular, we pay attention to spatial spillovers of public capital. The stochastic frontier allows for the modeling of regional heterogeneity though different degrees of regional efficiency. Additionally, in the stochastic frontier framework it is possible to analyze the role of economic variables in regional efficiency. A variable of particular interest for the explanation of efficiency is the ratio of public to private capital. We claim that the effects of such ratio on efficiency can be used as evidence of the existence of substantial time lags between the installation of public capital and its full use. In such circumstances, average production functions can undervalue the productivity of public capital.
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Volume (Year): 22 (2004) Issue (Month): (Diciembre) Pages: 1-16 Download reference. The following formats are available: HTML
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Handle: RePEc:lrk:eeaart:22_3_12
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Find related papers by JEL classification: C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes R53 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
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