Public investment spillovers in the spanish regions

Oriol Roca Sagalés () and Hector Sala
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Oriol Roca Sagalés: Universitat Autònoma de Barcelona
Authors registered in the RePEc Author Service: Oriol Roca-Sagalés

INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, 2006, issue 8, 143-161

Abstract: In this paper we investigate the effect of public investment on output, employment and private investment in Spain and its regions, and evaluate the relevance and magnitude of the resulting regional spillover effects. To this aim, we estimate different models using the Autoregressive Vector (VAR) approach and find a positive impact in Spain and the majority of regions on GDP, private investment and, to a lesser extent, on employment. We also find significant spillover effects, whose economic relevance is interpreted from a regional perspective.

Keywords: Spillover effects; regional analysis; VAR; public capital stock (search for similar items in EconPapers)
JEL-codes: E22 E23 O18 R11 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ris:invreg:0157

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