English, Article, Journal or magazine article edition: Convergence and public investment: Regional policies revisited Santiago Lago-Peñas; Diego Martínez López

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Bookmark: http://trove.nla.gov.au/version/160849
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Convergence and public investment: Regional policies revisited
Author
  • Santiago Lago-Peñas
  • Diego Martínez López
Physical Description
  • preprint
Notes
  • The aim of this paper is to add new arguments to the debate on the redesign of regional policies. An endogenous growth model is presented with two regions where the crucial issue for the removal of regional disparities is public investment. When testing the model using data obtained from Spanish regions, evidence of convergence is not found, in spite of the redistribution pattern of regional allocation of public investment during the 80's and 90's and a high degree of private capital mobility. After analyzing other factors potentially affecting regional convergence, a number of recommendations are supplied in order to redefine European and Spanish regional policies.
  • Infrastructures, convergence, growth
  • RePEc:cea:doctra:e2005_05
Language
  • English
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