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Effects of the hydraulic infrastructure on economic growth: evidence from Catalonia

Author

Listed:
  • Freire-González, Jaume
  • Puig-Ventosa, Ignasi

Abstract

Public infrastructures have a positive effect on labour productivity and growth. However, different types of infrastructure produce different magnitudes of effects. This article contains an analysis of the stock of hydraulic capital and investments in Catalonia and provides empirical evidence of its effect on productivity and growth. It also compares the magnitude of this effect with the magnitude of other types of public and private capital. The research shows that hydraulic capital and investments have a positive and significant effect on economic growth. However, this effect may be lower than that resulting from other forms of public or private capital.

Suggested Citation

  • Freire-González, Jaume & Puig-Ventosa, Ignasi, 2016. "Effects of the hydraulic infrastructure on economic growth: evidence from Catalonia," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 2(2), pages 199-206.
    • Handle: RePEc:zbw:espost:314452
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    References listed on IDEAS

    as
    1. Baldwin, John R. Dixon, Jay, 2008. "Infrastructure Capital: What Is It? Where Is It? How Much of It Is There?," The Canadian Productivity Review 2008016e, Statistics Canada, Economic Analysis Division.
    2. Baier, Scott L. & Glomm, Gerhard, 2001. "Long-run growth and welfare effects of public policies with distortionary taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 2007-2042, December.
    3. 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 103-126, October.
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