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La dinámica de inversión regional en España: un estudio comparativo de las Comunidades Autónomas
[Regional Investment Dynamics: A Comparative Study of the Autonomous Communities in Spain]

Author

Listed:
  • Alberto Vaquero García

    (Universidade de Vigo)

  • Santiago Lago Peñas

    (Universidade de Santiago de Compostela)

  • María Cadaval Sampedro

    (Universidade de Santiago de Compostela)

  • Patricio Sanchez Fernandez

    (Universidade de Vigo)

Abstract

This paper aims to provide a comprehensive description of the evolution of public investment by the Autonomous Communities in Spain from 1984 to 2021, to identify patterns in investment policies and explain their underlying causes. Additionally, the paper evaluates the impact of savings, transfers, and deficits on public investment. The findings reveal distinct patterns in the level and dynamics of these variables across regions. Priority was given to essential welfare expenditures during the Great Recession, while the post-recession recovery displayed varied regional behaviors. The positive impact of European and national funds, such as the Interterritorial Compensation Fund, effectively revitalized investment and savings, which emerged as a key differentiating factor in chartered communities.

Suggested Citation

  • Alberto Vaquero García & Santiago Lago Peñas & María Cadaval Sampedro & Patricio Sanchez Fernandez, 2026. "La dinámica de inversión regional en España: un estudio comparativo de las Comunidades Autónomas [Regional Investment Dynamics: A Comparative Study of the Autonomous Communities in Spain]," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, vol. 64(64), pages 17-41.
    • Handle: RePEc:ris:invreg:022191
    DOI: 10.38191/iirr-jorr.24.065
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    Keywords

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    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects

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