Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?

Angel de La Fuente ()

No 3138, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy has been too redistributive.

Keywords: Regional policy; Spain; Infrastructure (search for similar items in EconPapers)
JEL-codes: H54 (search for similar items in EconPapers)
Date: 2002-01
New Economics Papers: this item is included in nep-geo
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Citations: View citations in EconPapers (12)

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