When supply travels far beyond demand: Institutional and regulatory causes of oversupply in Spain’s transport infrastructure
Daniel Albalate (),
Germà Bel () and
No 201312, IREA Working Papers from University of Barcelona, Research Institute of Applied Economics
Spain’s transport infrastructure policy has become a paradigmatic case of oversupply and of mismatch with demand. The massive expansion of the country’s transport infrastructure over the last decade has not been a response to demand bottlenecks or previously identified needs. For this reason, the intensity of use today on all interurban modes of transport in Spain falls well below that of other EU countries. This paper analyzes the institutional and regulatory factors that have permitted this policy, allowing us to draw lessons from the Spanish case that should help other countries avoid the pitfalls and shortcomings of Spanish policy. Based on our analysis, we also discuss policy remedies and suggest reforms in different regulatory areas, which could help improve the performance of Spain’s infrastructure policy.
Keywords: Infrastructure, Overcapacity, Regulation, Spain. JEL classification: H54; L91; L98; R41; R42; R48 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2013-06, Revised 2013-06
New Economics Papers: this item is included in nep-eur, nep-reg, nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
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:ira:wpaper:201312
Access Statistics for this paper
More papers in IREA Working Papers from University of Barcelona, Research Institute of Applied Economics Contact information at EDIRC.
Bibliographic data for series maintained by Alicia García ().