Public Infrastructures and Regional Asymmetries in Spain

Alfredo Pereira and Oriol Roca Sagales ()
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Oriol Roca Sagales: Departament d'Economia Aplicada, Universitat Autonoma de Barcelona
Authors registered in the RePEc Author Service: Oriol Roca-Sagalés

No 46, Working Papers from Department of Economics, College of William and Mary

Abstract: The objective of this paper is to investigate the effects of public infrastructure on regional economic performance in Spain. The empirical results are based on VAR models relating output, employment, private capital, and public infrastructure. We estimate models at the aggregate level and for each of the 17 regions of Spain. In the regional models, both public infrastructure in the region and public infrastructure elsewhere are considered, thereby taking into consideration the possible existence of regional spillovers. Our empirical results show that regional spillovers are very important, and that although public infrastructure has been a powerful instrument to promote long-term growth, it has done so in a way that is unbalanced across regions. This means that aggregate convergence in Spain to EU standards of living has been achieved at the cost of increased domestic asymmetries.

Keywords: public infrastructures; regional spillovers; regional asymmetries (search for similar items in EconPapers)
JEL-codes: C32 H54 R53 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2006-10-08, Revised 2007-03-30
New Economics Papers: this item is included in nep-eff, nep-geo and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Public infrastructure and regional asymmetries in Spain (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cwm:wpaper:46

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