English, Article, Journal or magazine article edition: FISCAL POLICY AND GROWTH REVISITED: THE CASE OF THE SPANISH REGIONS* Óscar Bajo Rubio; Carmen Díaz Roldán; M.a Dolores Montávez Garcés

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Bookmark: http://trove.nla.gov.au/version/163357
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • FISCAL POLICY AND GROWTH REVISITED: THE CASE OF THE SPANISH REGIONS*
Author
  • Óscar Bajo Rubio
  • Carmen Díaz Roldán
  • M.a Dolores Montávez Garcés
Physical Description
  • preprint
Notes
  • . In this paper we present an assessment of the effects of fiscal policy on economic growth, focusing on the role of public expenditure. Starting from a theoretical model where only those public expenditure items strictly presumed to 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.
  • Economic growth, public investment, public transfers, regions.
  • RePEc:hpe:wpaper:y:2002:i:19
Language
  • English
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