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Abstract

Bajo-Rubio O. and Diaz-Roldan C. (2005) Optimal endowments of public capital: an empirical analysis for the Spanish regions, Regional Studies 39 , 297-304. Regional infrastructure policies, through increased public investment, are widely used to promote the development of poorer regions in European countries. This paper tries to find some evidence on the optimality in the provision of government capital for the case of the Spanish regions, 1965-95. To this end, a simple optimality condition is derived from an optimization growth model, namely, that marginal products of private and public capital should be equal. In this way, assuming that private capital was optimally provided, the results suggest that government capital would be under-provided in the more productive regions, unlike the less productive regions, where the opposite result would hold.

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Bibliographic Info

Article provided by Taylor and Francis Journals in its journal Regional Studies.

Volume (Year): 39 (2005)
Issue (Month): 3 ()
Pages: 297-304

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Handle: RePEc:taf:regstd:v:39:y:2005:i:3:p:297-304

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Related research

Keywords: Economic growth; Government capital; Regions; Croissance economique; Fonds publics; Regions; Wirtschaftswachstum; Offentliche Mittel; Regionen; Crecimiento economico; Capital publico; Regiones; JEL classifications: E62; H54; O40;

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Find related papers by JEL classification:

• E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
• H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
• O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

References

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1. Karras, Georgios, 1997. "Is Government Investment Underprovided in Europe? Evidence from a Panel of Fifteen Countries," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 50(2), pages 223-235.
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   • de la Fuente, Angel, 2002. "On the sources of convergence: A close look at the Spanish regions," European Economic Review, Elsevier, vol. 46(3), pages 569-599, March.
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   • de la Fuente, A, 1996. "On the Sources of Convergence : A Close Look at the Spanish Regions," UFAE and IAE Working Papers 362.96, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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8. Bajo-Rubio, Oscar & Diaz-Roldan, Carmen & Montavez-Garces, M. Dolores, 1999. "Fiscal Policy and Growth Revisited: An Application to the Case of the Spanish Regions," ERSA conference papers ersa99pa141, European Regional Science Association.
   
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11. Ezequiel Uriel Jiménez & Francisco Pérez García & Matilde Mas Ivars & Joaquín Maudos Villarroya, 1995. "Infrastructures And Productivity In The Spanish Regions," Working Papers. Serie EC 1995-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    
    • Matilde Mas & Joaquin Maudos & Francisco Perez & Ezequiel Uriel, 1996. "Infrastructures and Productivity in the Spanish Regions," Regional Studies, Taylor and Francis Journals, vol. 30(7), pages 641-649.
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13. de la Fuente, Angel, 2002. "Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?," CEPR Discussion Papers 3138, C.E.P.R. Discussion Papers.

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Citations

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Cited by:

1. Miguel Márquez & Julián Ramajo & Geoffrey Hewings, 2010. "A spatio-temporal econometric model of regional growth in Spain," Journal of Geographical Systems, Springer, vol. 12(2), pages 207-226, June.
2. Fedderke, J.W. & Bogetic, Z., 2009. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," World Development, Elsevier, vol. 37(9), pages 1522-1539, September.
   
   • Fedderke, Johannes W. & Bogetic & Zeljko, 2006. "Infrastructure and growth in South Africa : direct and indirect productivity impacts of 19 infrastructure measures," Policy Research Working Paper Series 3989, The World Bank.
   • Johannes Fedderke & Željko Bogetic, 2005. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," Working Papers 39, Economic Research Southern Africa.
3. Antonio Morales & Pablo Brañas Garza, 2003. "Computational Errors in Guessing Games1," Economic Working Papers at Centro de Estudios Andaluces E2003/11, Centro de Estudios Andaluces.
4. Oscar Bajo-Rubio & Carmen Díaz-Mora & Carmen Díaz-Roldán, 2007. "Foreign direct investment and regional growth: An analysis of the Spanish case," Working Papers 07-08, Asociación Española de Economía y Finanzas Internacionales.
   
   • Oscar Bajo-Rubio & Carmen Diaz-Mora & Carmen Diaz-Roldan, 2010. "Foreign Direct Investment and Regional Growth: An Analysis of the Spanish Case," Regional Studies, Taylor and Francis Journals, vol. 44(3), pages 373-382.
5. Carmen Díaz Roldán & Diego Martínez-López, 2005. "Inversión pública y crecimiento económico. Una revisión crítica con propuesta de futuro," Economic Working Papers at Centro de Estudios Andaluces E2005/10, Centro de Estudios Andaluces.
6. Jaime Alonso & María Jesús Freire-Serén & Baltasar Manzano, 2004. "Rentabilidad social de la inversión pública española en infraestructuras," Working Papers 2004/8, Institut d'Economia de Barcelona (IEB).
   
   • Jaime Alonso-Carrera & María Jesús Freire-Serén & Baltasar Manzano, 2004. "Rentabilidad social de la inversión pública española en infraestructuras," Hacienda Pública Española, IEF, vol. 170(3), pages 81-103, september.
   • Jaime Alonso-Carrera & María Jesús Freire-Serén & Baltasar Manzano, . "Rentabilidad Social De La Inversión Pública Española En Infraestructuras," Working Papers 30-03 Classification-JEL , Instituto de Estudios Fiscales.
7. Boopen Seetanah, 2011. "Optimal endowments of transport investment: an empirical analysis for mauritius," Empirical Economics, Springer, vol. 40(3), pages 827-838, May.

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