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Public investment and growth: a survey


  • Carmen Díaz Roldán

    () (Universidad de Castilla-La Mancha)

  • Diego Martínez López

    () (Fundación Centro de Estudios Andaluces)


The relationship between public investment and economic is one of the most highly debated issues in economic policy circles in recent years. This topic has been analyzed from several approaches, both from a theoretical and empirical perspective. In this paper we present a survey of the main results found in the literature, with a special emphasis on those concerning productive public spending and economic growth.

Suggested Citation

  • Carmen Díaz Roldán & Diego Martínez López, 2006. "Public investment and growth: a survey," Hacienda Pública Española, IEF, vol. 176(1), pages 109-140, April.
  • Handle: RePEc:hpe:journl:y:2006:v:176:i:1:p:109-140

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    Growth; infrastructures; regional policy;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy


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