Optimal Endowments of Public Investment: An Empirical Analysis for the Spanish Regions

Oscar Bajo-Rubio (), Carmen Diaz-Roldan and M.Dolores Montávez Garcés ()
Additional contact information
M.Dolores Montávez Garcés: U. Pública de Navarra, http://www.unavarra.es/

No E2002/14, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: Regional infrastructures policies, through an increased public investment, are widely used to promote the development of poorer regions in the European countries. In this paper we try to find some evidence on the optimality in the provision of government capital for the case of the Spanish regions, during the period 1965-1995. 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. By comparing the values of both marginal products, obtained from the estimation of a simple production function, we should be able to infer whether the public capital stock in the Spanish regions is underprovided or not, relative to the private capital stock.

Keywords: Economic growth; government capital; regions (search for similar items in EconPapers)
JEL-codes: E62 H54 O40 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2002
New Economics Papers: this item is included in nep-geo and nep-mac
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Optimal endowments of public capital: An empirical analysis for the Spanish regions (2005)
Working Paper: Optimal endowments of public investment: an empirical analysis for the Spanish regions (2002)
Working Paper: Optimal endowments of public investment: an empirical analysis for the spanish regions (2001)
Working Paper: Optimal endowments of public capital: An empirical analysis for the Spanish regions
Working Paper: OPTIMAL ENDOWMENTS OF PUBLIC INVESTMENT: AN EMPIRICAL ANALYSIS FOR THE SPANISH REGIONS
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