Returns to Local and Transport Infrastructure under Regional Spillovers

Rosina Moreno () and Enrique López-Bazo
Additional contact information
Enrique López-Bazo: AQR Research Group, University of Barcelona and Barcelona Science Park, Barcelona, Spain, elopez@ub.edu
Authors registered in the RePEc Author Service: Enrique Lopez-Bazo

International Regional Science Review, 2007, vol. 30, issue 1, 47-71

Abstract: This article pays special attention to the spatial dimension of public capital in regional economic growth. We assume that the effect of infrastructure on productivity depends on the type of public infrastructure in question: that is, local infrastructures enhance economic activity in the area where they are located, whereas transport and communication infrastructure may produce both benefits in the area where they are located and positive or negative spillovers to other regions. We also obtain conclusions on whether the link between growth and public capital depends on the amount of existing public capital stocks. Results for the Spanish provinces during a long time period suggest that the returns to local infrastructure are much greater than the returns to transportation, although in both cases, we observe strong decreasing returns to their accumulation. Finally, negative spillovers across regions in transport capital investments are obtained.

Keywords: public capital; regional growth; spillovers (search for similar items in EconPapers)
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (58)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0160017606296728 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:inrsre:v:30:y:2007:i:1:p:47-71

DOI: 10.1177/0160017606296728

Access Statistics for this article

More articles in International Regional Science Review
Bibliographic data for series maintained by SAGE Publications ().