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Regional allocation of public infrastructure investment: The case of Greece

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  • Matthew Lambrinidis
  • Yannis Psycharis
  • Antonis Rovolis

Abstract

Lambrinidis M., Psycharis Y. and Rovolis A. (2005) Regional allocation of public infrastructure investment: the case of Greece, Regional Studies 39 , 1231-1244. This paper develops a model on the determinants of the regional allocation of public infrastructure investment and applies it to Greece for 1982-94 using panel methods of estimation. The principal conclusions are that regional allocations of infrastructure investment (1) were negatively associated with regional product per capita as well as with population size and population density, (2) were positively associated with the existing stock of infrastructure capital as well as with the share of agriculture in regional Gross Domestic Product, and (3) were increased across prefectures in years preceding national elections. These results are related to national and European regional policy.

Suggested Citation

  • Matthew Lambrinidis & Yannis Psycharis & Antonis Rovolis, 2005. "Regional allocation of public infrastructure investment: The case of Greece," Regional Studies, Taylor & Francis Journals, vol. 39(9), pages 1231-1244.
    • Handle: RePEc:taf:regstd:v:39:y:2005:i:9:p:1231-1244
    DOI: 10.1080/00343400500390057
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    References listed on IDEAS

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    More about this item

    Keywords

    Infrastructure; Public investment; Regional economics; Regional policy; Political business cycle; Equipement; Investissement collectif; Economie regionale; Politique regionale; Cycle economique politique; Infrastruktur; Offentliche Investierungen; Regionalwirtschaft; Regionalpolitik; Politischer Geschaftszyklus; Infraestructura; Inversion publica; Economia regional; Politica regional; Ciclo politico de empresas; JEL classifications: H54; R53; R58;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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