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Rentabilidad social de la inversi n p blica espa ola en infraestructuras

Author

Listed:
  • Jaime Alonso-Carrera

    (Universidad de Vigo)

  • Mar a Jes s Freire-Ser n

    (Universidad de Vigo)

  • Baltasar Manzano

    (Universidad de Vigo)

Abstract

En este trabajo se cuantifican los efectos de la inversi n p blica espa ola en infraestructuras sobre el bienestar social. Para ello se calibra con datos de la econom a espa ola un modelo de equilibrio general din mico de agente representativo, donde la inversi n p blica se financia con impuestos distorsionantes. El stock de infraestructuras p blicas tendr un efecto positivo sobre la productividad agregada de los factores aunque, como aportaci n te rica novedosa, asumiremos que este efecto vendr determinado por la dotaci n efectiva de infraestructuras. Consideraremos rendimientos decrecientes a escala a nivel privado derivados de la existencia de costes de transporte, los cuales dependen negativamente de la dotaci n de infraestructuras por unidad de output. La actividad inversora del sector p blico tendr , por lo tanto, dos efectos contrapuestos sobre el bienestar. Por un lado, un incremento del stock de infraestructuras provoca un aumento de la producci n efectiva agregada, mientras que por otra parte, hace que crezca la recaudaci n impositiva distorsionante, afectando a la renta disponible y a la decisi n de los individuos sobre consumo, ahorro y oferta de trabajo. De esta forma, el efecto final sobre el bienestar de un incremento en la inversi n p blica depender de la pol tica fiscal inicial y de la estrategia de financiaci n de ese incremento.

Suggested Citation

  • Jaime Alonso-Carrera & Mar a Jes s Freire-Ser n & Baltasar Manzano, 2004. "Rentabilidad social de la inversi n p blica espa ola en infraestructuras," Hacienda Pública Española / Review of Public Economics, IEF, vol. 170(3), pages 81-103, september.
    • Handle: RePEc:hpe:journl:y:2004:v:170:i:3:p:81-103
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    Keywords

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    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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