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Inversión pública y crecimiento económico. Una revisión crítica con propuesta de futuro

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Author Info
Carmen Díaz Roldán () (Universidad de Castilla-La Mancha)
Diego Martínez-López () (Centro de Estudios Andaluces y Univesidad Pablo de Olavide)

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Abstract

The relationship between public investment and economic performance has received a substantial attention by economists and policy-makers over the recent few years. In such a way, several approaches have been followed, from different theoretical and empirical points of view. The aim of this paper is to survey the main results found in the literature, especially those concerning productive public spending and economic growth. Moreover, we present a simple growth model in which regional characteristics are explicitly taken into account.

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Publisher Info
Paper provided by Centro de Estudios Andaluces in its series Economic Working Papers at Centro de Estudios Andaluces with number E2005/10.

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Length: 51 pages
Date of creation: 2005
Date of revision:
Handle: RePEc:cea:doctra:e2005_10

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Related research
Keywords: Growth; infrastructures; regional policy;

Find related papers by JEL classification:
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. Aschauer, David Alan & Greenwood, Jeremy, 1985. "Macroeconomic effects of fiscal policy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 23(1), pages 91-138, January. [Downloadable!] (restricted)
  3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October. [Downloadable!] (restricted)
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  4. Oscar Bajo-Rubio & Carmen Díaz-Roldán, 2005. "Optimal endowments of public capital: An empirical analysis for the Spanish regions," Regional Studies, Taylor and Francis Journals, vol. 39(3), pages 297-304, May. [Downloadable!] (restricted)
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  5. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March. [Downloadable!] (restricted)
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  6. Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Public Finance in Models of Economic Growth," CEPR Discussion Papers 630, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  7. David Alan Aschauer, 2000. "Do states optimize? Public capital and economic growth," The Annals of Regional Science, Springer, vol. 34(3), pages 343-363. [Downloadable!] (restricted)
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  8. Ai, Chunrong & Cassou, Steven P, 1995. "A Normative Analysis of Public Capital," Applied Economics, Taylor and Francis Journals, vol. 27(12), pages 1201-09, December.
  9. Baltagi, Badi H & Pinnoi, Nat, 1995. "Public Capital Stock and State Productivity Growth: Further Evidence from an Error Components Model," Empirical Economics, Springer, vol. 20(2), pages 351-59.
  10. Bajo-Rubio, Oscar, 2000. "A further generalization of the Solow growth model: the role of the public sector," Economics Letters, Elsevier, vol. 68(1), pages 79-84, July. [Downloadable!] (restricted)
  11. C. Alicia Avilés Zugasti & Rosario Gómez García & José Sánchez Maldonado, 2001. "The effects of public infrastructure on the cost structure of Spanish industries," Spanish Economic Review, Springer, vol. 3(2), pages 131-150. [Downloadable!] (restricted)
  12. Barro, R.J. & Sala-I-Martin, X., 1991. "Convergence Across States and Regions," Papers 629, Yale - Economic Growth Center.
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  13. Aschauer, David Alan, 1989. "Does public capital crowd out private capital?," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 171-188, September. [Downloadable!] (restricted)
    Other versions:
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