Optimal endowments of public capital: An empirical analysis for the Spanish regions
Oscar Bajo-Rubio () and
Carmen Diaz-Roldan ()
Regional Studies, 2005, vol. 39, issue 3, 297-304
Bajo-Rubio O. and Diaz-Roldan C. (2005) Optimal endowments of public capital: an empirical analysis for the Spanish regions, Regional Studies 39 , 297-304. Regional infrastructure policies, through increased public investment, are widely used to promote the development of poorer regions in European countries. This paper tries to find some evidence on the optimality in the provision of government capital for the case of the Spanish regions, 1965-95. To this end, a simple optimality condition is derived from an optimization growth model, namely, that marginal products of private and public capital should be equal. In this way, assuming that private capital was optimally provided, the results suggest that government capital would be under-provided in the more productive regions, unlike the less productive regions, where the opposite result would hold.
Keywords: Economic growth; Government capital; Regions; Croissance economique; Fonds publics; Regions; Wirtschaftswachstum; Offentliche Mittel; Regionen; Crecimiento economico; Capital publico; Regiones; JEL classifications: E62; H54; O40 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: Optimal Endowments of Public Investment: An Empirical Analysis for the Spanish Regions (2002)
Working Paper: Optimal endowments of public capital: An empirical analysis for the Spanish regions
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:39:y:2005:i:3:p:297-304
Ordering information: This journal article can be ordered from
Access Statistics for this article
Regional Studies is currently edited by Ivan Turok
More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().