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Multi-sectoral interdependencies of regional public infrastructure investments

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  • Tsekeris, Theodore

Abstract

Public investment decision-making processes involve multiple and interrelated sectoral and regional policy objectives and budget constraints. This paper presents a dynamic spatio-economic model that considers multi-sectoral investment interdependencies using data at the prefecture level in Greece. The expenditure allocation dynamics of most types of regional public investment are found to be competitive with each other. This outcome is attributed to the lack of policy coordination, technological and budget constraints, geographical factors, and equity and political considerations. The investment interrelationships may have a significant effect on future state funding needs and the strategic assessment of infrastructure development at the country level.

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  • Tsekeris, Theodore, 2014. "Multi-sectoral interdependencies of regional public infrastructure investments," Socio-Economic Planning Sciences, Elsevier, vol. 48(4), pages 263-272.
    • Handle: RePEc:eee:soceps:v:48:y:2014:i:4:p:263-272
    DOI: 10.1016/j.seps.2014.06.001
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    Cited by:

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    3. Emmanuel Apergis & Nicholas Apergis, 2019. "“Sakura” has not grown in a day: infrastructure investment and economic growth in Japan under different tax regimes," Empirical Economics, Springer, vol. 57(2), pages 541-567, August.
    4. Agata Mesjasz-Lech & Agnieszka Strzelecka, 2015. "Organization Of Public Transport In The City As The Main Task Of Urban Logistics - Infrastructure Regional Background In Poland," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 9(1), pages 433-445.

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