Fiscal Policy and Growth Revisited: The Case of The Spanish Regions

Oscar Bajo-Rubio (), Carmen DÌaz Rold·n () and Maria Dolores Montavez ()
Authors registered in the RePEc Author Service: Carmen Diaz-Roldan

No 9904, Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

Abstract: This paper presents an assessment of the effects of fiscal policy on economic growth. Starting from a theoretical model in which only those fiscal policy instruments presumed to strictly influence the production process (i. e., public capital and transfers) are incorporated into the production function, we provide an empirical application for the case of the Spanish regions during the period 1967-1991. The results confirm the positive effect of public investment on growth, together with a positive effect of transfers but only for poorer regions.

Keywords: Growth; fiscal policy; regions (search for similar items in EconPapers)
JEL-codes: E62 O23 O40 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1999
New Economics Papers: this item is included in nep-dev and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Fiscal Policy and Growth Revisited: An Application to the Case of the Spanish Regions (1999)
Working Paper: FISCAL POLICY AND GROWTH REVISITED: THE CASE OF THE SPANISH REGIONS*
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