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The effectiveness of public infrastructure investment: an overview for the Spanish economy and its regions


  • Boscá, J. E.

    () (Universidad de Valencia)

  • Escribá, J.

    () (Universidad de Valencia)

  • Murgui, M. J.

    () (Universidad de Valencia)


In this work we go through the economic literature that has quantifiedin the last years the macroeconomic effects of public infrastructures at theregional level. The paper offers, from the point of view of the authors, a review ofthe most significant contributions to the production function and cost function approaches.In the analysis we put the emphasis on results obtained for the Spanisheconomy. Likewise, the conclusions are entirely devoted to extract recommendations,that should be taken in mind, when designing public investment policies ofinfrastructure endowment in Spain.

Suggested Citation

  • Boscá, J. E. & Escribá, J. & Murgui, M. J., 2011. "The effectiveness of public infrastructure investment: an overview for the Spanish economy and its regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 20, pages 195-217.
  • Handle: RePEc:ris:invreg:0049

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    References listed on IDEAS

    1. Gilles Duranton & Henry G. Overman, 2005. "Testing for Localization Using Micro-Geographic Data," Review of Economic Studies, Oxford University Press, vol. 72(4), pages 1077-1106.
    2. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
    3. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-970, December.
    4. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    5. David B. Audretsch & Taylor Aldridge & Alexander Oettl, 2006. "The Knowledge Filter and Economic Growth: The Role of Scientist Entrepreneurship," Papers on Entrepreneurship, Growth and Public Policy 2006-11, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    6. Venables, Anthony J, 1996. "Equilibrium Locations of Vertically Linked Industries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(2), pages 341-359, May.
    7. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    8. George A. Akerlof & Rachel E. Kranton, 2000. "Economics and Identity," The Quarterly Journal of Economics, Oxford University Press, vol. 115(3), pages 715-753.
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    More about this item


    infrastructure; regions; production functions; duality;

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy


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