IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article

Capital público y crecimiento económico en España 1980-2004

  • José Luis Torres-Chacón

    ()

    (Universidad de Málaga)

This paper analyses the contribution of public capital stock to output and productivity growth in Spain. We use a simple growth general equilibrium model in which public capital stock is included as an additional input to private factors. Calibration of the model to the Spanish economy for the period 1980-2004 shows that the output elasticity of public capital is 0.068. For the period 1980-2004 we find that the average contribution of public capital to output growth was of 0.35 percentage points, of an output growth of 2.8% per year. This implies that about 13% of all output growth was due to public capital.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.ief.es/documentos/recursos/publicaciones/revistas/hac_pub/ARTICULO2_188.pdf
Download Restriction: no

Article provided by IEF in its journal Hacienda Pública Española/Revista de Economía Pública.

Volume (Year): 188 (2009)
Issue (Month): 1 (March)
Pages: 31-53

as
in new window

Handle: RePEc:hpe:journl:y:2009:v:188:1:p:31-53
Contact details of provider: Postal:
Avda. Cardenal Herrera Oria, 378, 28035 Madrid

Phone: 91-339.89.15
Fax: 91-339.89.64
Web page: http://www.ief.es
Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Robert J. Barro & Xavier Sala-I-Martin, 1992. "Public Finance in Models of Economic Growth," Review of Economic Studies, Oxford University Press, vol. 59(4), pages 645-661.
  2. Paul Cashin, 1995. "Government Spending, Taxes, and Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 237-269, June.
  3. Romp, Ward & de Haan, Jakob, 2005. "Public capital and economic growth: a critical survey," EIB Papers 2/2005, European Investment Bank, Economics Department.
  4. ., 2004. "L," Chapters, in: An Eponymous Dictionary of Economics, chapter 12 Edward Elgar Publishing.
  5. Richard H. Clarida, 1993. "International Capital Mobility, Public Investment and Economic Growth," NBER Working Papers 4506, National Bureau of Economic Research, Inc.
  6. ., 2004. "I," Chapters, in: An Eponymous Dictionary of Economics, chapter 9 Edward Elgar Publishing.
  7. ., 2004. "F," Chapters, in: An Eponymous Dictionary of Economics, chapter 6 Edward Elgar Publishing.
  8. Ratner, Jonathan B., 1983. "Government capital and the production function for U.S. private output," Economics Letters, Elsevier, vol. 13(2-3), pages 213-217.
  9. ., 2004. "S," Chapters, in: An Eponymous Dictionary of Economics, chapter 18 Edward Elgar Publishing.
  10. ., 2004. "E," Chapters, in: An Eponymous Dictionary of Economics, chapter 5 Edward Elgar Publishing.
  11. Mera, Koichi, 1973. "II. Regional production functions and social overhead capital: An analysis of the Japanese case," Regional and Urban Economics, Elsevier, vol. 3(2), pages 157-185, May.
  12. Hulten, Charles R. & Schwab, Robert M., 1993. "Infrastructure Spending: Where Do We Go From Here?," National Tax Journal, National Tax Association, vol. 46(3), pages 261-73, September.
  13. Voss, Graham M., 2002. "Public and private investment in the United States and Canada," Economic Modelling, Elsevier, vol. 19(4), pages 641-664, August.
  14. M. L. Weitzman, 1970. "Optimal Growth with Scale Economies in the Creation of Overhead Capital," Review of Economic Studies, Oxford University Press, vol. 37(4), pages 555-570.
  15. ., 2004. "A," Chapters, in: An Eponymous Dictionary of Economics, chapter 1 Edward Elgar Publishing.
  16. Alicia H. Munnell, 1990. "How does public infrastructure affect regional economic performance?," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 34, pages 69-112.
  17. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October.
  18. ., 2004. "H," Chapters, in: An Eponymous Dictionary of Economics, chapter 8 Edward Elgar Publishing.
  19. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
  20. Gonzalo Fernández de Córdoba & José L. Torres, 2007. "Fiscal Harmonization in the Presence of Public Inputs," Economic Working Papers at Centro de Estudios Andaluces E2007/08, Centro de Estudios Andaluces.
  21. ., 2004. "N," Chapters, in: An Eponymous Dictionary of Economics, chapter 14 Edward Elgar Publishing.
  22. ., 2004. "D," Chapters, in: An Eponymous Dictionary of Economics, chapter 4 Edward Elgar Publishing.
  23. ., 2004. "P," Chapters, in: An Eponymous Dictionary of Economics, chapter 16 Edward Elgar Publishing.
  24. ., 2004. "T," Chapters, in: An Eponymous Dictionary of Economics, chapter 19 Edward Elgar Publishing.
  25. Pestieau, P. M., 1974. "Optimal taxation and discount rate for public investment in a growth setting," Journal of Public Economics, Elsevier, vol. 3(3), pages 217-235, August.
  26. ., 2004. "O," Chapters, in: An Eponymous Dictionary of Economics, chapter 15 Edward Elgar Publishing.
  27. Alicia H. Munnell, 1990. "Why has productivity growth declined? Productivity and public investment," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 3-22.
  28. Jan-Egbert Sturm & Gerard H. Kuper & Jakob de Haan, 1996. "Modelling government investment and economic growth at the macro level: A review," Working Papers 29, Centre for Economic Research, University of Groningen and University of Twente.
  29. ., 2004. "R," Chapters, in: An Eponymous Dictionary of Economics, chapter 17 Edward Elgar Publishing.
  30. Steven P. Cassou & Kevin J. Lansing, 1995. "Optimal fiscal policy, public capital, and the productivity slowdown," Working Paper 9509, Federal Reserve Bank of Cleveland.
  31. Mendoza, Enrique G. & Razin, Assaf & Tesar, Linda L., 1994. "Effective tax rates in macroeconomics: Cross-country estimates of tax rates on factor incomes and consumption," Journal of Monetary Economics, Elsevier, vol. 34(3), pages 297-323, December.
  32. Evans, Paul & Karras, Georgios, 1994. "Is government capital productive? Evidence from a panel of seven countries," Journal of Macroeconomics, Elsevier, vol. 16(2), pages 271-279.
  33. Raymond Batina, 1998. "On the Long Run Effects of Public Capital and Disaggregated Public Capital on Aggregate Output," International Tax and Public Finance, Springer, vol. 5(3), pages 263-281, July.
  34. John A. Tatom, 1991. "Public capital and private sector performance," Review, Federal Reserve Bank of St. Louis, issue May, pages 3-15.
  35. McMillin, W Douglas & Smyth, David J, 1994. "A Multivariate Time Series Analysis of the United States Aggregate Production Function," Empirical Economics, Springer, vol. 19(4), pages 659-73.
  36. ., 2004. "C," Chapters, in: An Eponymous Dictionary of Economics, chapter 3 Edward Elgar Publishing.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:hpe:journl:y:2009:v:188:1:p:31-53. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Belén Miquel Burgos)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.