Public Spending Patterns: the regional allocation of public investment in Greece by political period
AbstractThe spatial dispersion of public investment constitutes one of the principal elements and also one of the key issues concerning a country’s strategic regional development. Public investment expenditure represents in part the ‘social wage’ citizens receive, while at the same time it generates external economies for the productive sectors of the economy. Using a dataset that includes total outlays by all central, regional and local authorities, this paper traces the distribution of public investment in Greek prefectures (NUTS 3) over the period 1976-2005. It seeks to highlight the spending pattern governments of that period had followed, to compare the changes (if any) between different periods, and to explain whether redistribution of national wealth or other factors, including political ones, could be contributing to explaining the pattern and its temporal changes.
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Bibliographic InfoPaper provided by Hellenic Observatory, LSE in its series GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe with number 14.
Date of creation: May 2008
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Public investment; regional analysis; territorial public expenditure.;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-09-13 (All new papers)
- NEP-GEO-2008-09-13 (Economic Geography)
- NEP-PBE-2008-09-13 (Public Economics)
- NEP-POL-2008-09-13 (Positive Political Economics)
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