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Desbordamiento espacial de la productividad de las infraestructuras: una aplicación con fronteras estocásticas

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  • 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.)

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    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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    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 22 (2004)
    Issue (Month): (Diciembre)
    Pages: 1-16

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    Handle: RePEc:lrk:eeaart:22_3_12

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    Related research

    Keywords: Infrastructure; Spillover; Stochastic production frontier; efficiency.;

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    References

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    1. Matilde Mas & Joaquin Maudos & Francisco Perez & Ezequiel Uriel, 1996. "Infrastructures and Productivity in the Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 30(7), pages 641-649.
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    3. Rosina Moreno & Enrique LOpez-bazo & Manuel ArtIs, 2003. "On the effectiveness of private and public capital," Applied Economics, Taylor & Francis Journals, vol. 35(6), pages 727-740.
    4. Douglas Holtz-Eakin & Amy Ellen Schwartz, 1995. "Spatial Productivity Spillovers from Public Infrastructure: Evidence from State Highways," NBER Working Papers 5004, National Bureau of Economic Research, Inc.
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    7. Dalamagas, Basil, 1995. "A Reconsideration of the Public Sector's Contribution to Growth," Empirical Economics, Springer, vol. 20(3), pages 385-414.
    8. Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-44, June.
    9. Wim P. M. Vijverberg & Chu-Ping C. Vijverberg & Janet L. Gamble, 1997. "Public Capital And Private Productivity," The Review of Economics and Statistics, MIT Press, vol. 79(2), pages 267-278, May.
    10. Moreno, Rosina & Lopez-Bazo, Enrique & Artis, Manuel, 2002. "Public infrastructure and the performance of manufacturing industries: short- and long-run effects," Regional Science and Urban Economics, Elsevier, vol. 32(1), pages 97-121, January.
    11. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-96, September.
    12. Joaquín Maudos Villarroya & José Manuel Pastor Monsálvez & Lorenzo Serrano Martínez, 1997. "Convergencia en las regiones españolas: cambio técnico, eficiencia y productividad," Working Papers. Serie EC 1997-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    13. Battese, G E & Coelli, T J, 1995. "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data," Empirical Economics, Springer, vol. 20(2), pages 325-32.
    14. Kodde, David A & Palm, Franz C, 1986. "Wald Criteria for Jointly Testing Equality and Inequality Restriction s," Econometrica, Econometric Society, vol. 54(5), pages 1243-48, September.
    15. Douglas Holtz-Eakin & Amy Schwartz, 1995. "Spatial productivity spillovers from public infrastructure: Evidence from state highways," International Tax and Public Finance, Springer, vol. 2(3), pages 459-468, October.
    16. Rosina Moreno Serrano & Manuel Artis Ortuno & Enrique Lopez Bazo & Jordi Surinach Caralt, 1997. "Evidence on the complex link between infrastructure and regional growth," Working Papers in Economics 19, Universitat de Barcelona. Espai de Recerca en Economia.
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