Centrality and Capital Costs in Urban Areas: Policy Watch for Spain

María Cadaval Sampedro () and Alberto Vaquero García
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María Cadaval Sampedro: Universidade de Santiago de Compostela

Hacienda Pública Española / Review of Public Economics, 2023, vol. 244, issue 1, 57-78

Abstract: For decades the discussion on the local public services in urban areas pivoted on the advantages and disadvantages of central cities. Their effects are difficult to measure and mitigate, the benefits are debatable although the literature proposes a set of answers. Some of these options have been adopted in practice through different economic policy measures that spark a debate. This paper is the first to collect a survey with the different positions regarding the costs and benefits of centrality and it also provides a policy watch of economic policy measures that have been put into practice in Spain.

Keywords: Urban areas; Central cities; Capital cost; Agglomeration economies; Policy watch. (search for similar items in EconPapers)
JEL-codes: H21 H23 H77 R12 R41 R51 (search for similar items in EconPapers)
Date: 2023
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