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Regional allocation of public infrastructure investment: The case of Greece

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Author Info
MATTHEW LAMBRINIDIS
YANNIS PSYCHARIS
ANTONIS ROVOLIS
Abstract

Lambrinidis M., Psycharis Y. and Rovolis A. (2005) Regional allocation of public infrastructure investment: the case of Greece, Regional Studies 39 , 1231--1244. This paper develops a model on the determinants of the regional allocation of public infrastructure investment and applies it to Greece for 1982--94 using panel methods of estimation. The principal conclusions are that regional allocations of infrastructure investment (1) were negatively associated with regional product per capita as well as with population size and population density, (2) were positively associated with the existing stock of infrastructure capital as well as with the share of agriculture in regional Gross Domestic Product, and (3) were increased across prefectures in years preceding national elections. These results are related to national and European regional policy.

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

Volume (Year): 39 (2005)
Issue (Month): 9 (December)
Pages: 1231-1244
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Handle: RePEc:taf:regstd:v:39:y:2005:i:9:p:1231-1244

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Related research
Keywords: Infrastructure; Public investment; Regional economics; Regional policy; Political business cycle; Equipement; Investissement collectif; Economie régionale; Politique régionale; Cycle économique politique; Infrastruktur; Ö; ffentliche Investierungen; Regionalwirtschaft; Regionalpolitik; Politischer Geschäftszyklus; Infraestructura; Inversión pú; blica; Economía regional; Política regional; Ciclo político de empresas; JEL classifications: H54; R53; R58;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March. [Downloadable!] (restricted)
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  2. Aschauer, David Alan, 1989. "Does public capital crowd out private capital?," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 171-188, September. [Downloadable!] (restricted)
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  3. Evans, Paul & Karras, Georgios, 1994. "Is government capital productive? Evidence from a panel of seven countries," Journal of Macroeconomics, Elsevier, vol. 16(2), pages 271-279. [Downloadable!] (restricted)
  4. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-96, September. [Downloadable!] (restricted)
  5. Alicia H. Munnell & Leah M. Cook, 1990. "How does public infrastructure affect regional economic performance?," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 11-33.
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  6. David Alan Aschauer, 1997. "Do States Optimize? Public Capital and Economic Growth," Macroeconomics 9711007, EconWPA. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Shankar, Raja & Shah, Anwar, 2009. "Lessons from European Union policies for regional development," Policy Research Working Paper Series 4977, The World Bank. [Downloadable!]
  2. Yannis Psycharis, 2008. "Public Spending Patterns: the regional allocation of public investment in Greece by political period," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 14, Hellenic Observatory, LSE. [Downloadable!]
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