Public Infrastructures and Regional Asymmetries in Spain
AbstractThe objective of this paper is to investigate the effects of public infrastructure on regional economic performance in Spain. The empirical results are based on VAR models relating output, employment, private capital, and public infrastructure. We estimate models at the aggregate level and for each of the 17 regions of Spain. In the regional models, both public infrastructure in the region and public infrastructure elsewhere are considered, thereby taking into consideration the possible existence of regional spillovers. Our empirical results show that regional spillovers are very important, and that although public infrastructure has been a powerful instrument to promote long-term growth, it has done so in a way that is unbalanced across regions. This means that aggregate convergence in Spain to EU standards of living has been achieved at the cost of increased domestic asymmetries.
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Bibliographic InfoPaper provided by Department of Economics, College of William and Mary in its series Working Papers with number 46.
Length: 16 pages
Date of creation: 08 Oct 2006
Date of revision: 30 Mar 2007
public infrastructures; regional spillovers; regional asymmetries;
Other versions of this item:
- Alfredo MARVÃO PEREIRA & Oriol ROCA-SAGALES, 2007. "Public infrastructure and regional asymmetries in Spain," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(3), pages 503-519.
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-10-28 (All new papers)
- NEP-EFF-2006-10-28 (Efficiency & Productivity)
- NEP-GEO-2006-10-28 (Economic Geography)
- NEP-PBE-2006-10-28 (Public Economics)
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