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Is it redistribution or centralization? On the determinants of government investment in infrastructure
Albalate del Sol, Daniel (Universitat de Barcelona)
Bel i Queralt, Germà (Barcelona Graduate School of Economics)
Fageda, Xavier, 1975- (Universitat de Barcelona)
Xarxa de Referència en Economia Aplicada (XREAP)

Publicació: Xarxa de Referència en Economia Aplicada (XREAP) 2010
Descripció: 31 p.
Resum: The dilemma efficiency versus equity, together with political partisan interests, has received increasing attention to explain the territorial allocation of investments. However, centralization intended to introduce or reinforce hierarchization in the political system has not been object as of now of empirical analysis. Our main contribution to the literature is providing evidence that meta-political objectives related to the ordering of political power and administration influence regional investment. In this way, we find evidence that network mode’s (roads and railways) investment programs are influenced by the centralization strategy of investing near to the political capital, while investment effort in no-network modes (airports and ports) appears to be positively related to distance. Since investment in surface transportation infrastructures is much higher than that in airports and ports, and taken into account that regions surrounding the political capital are poorer than the average, we suggest that centralization rather than redistribution has been the driver for the concentration of public investment on these regions.
Drets: Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i la xarxa i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús Creative Commons
Llengua: Anglès.
Col·lecció: Documents de treball de la Xarxa de Referència en Economia Aplicada (XREAP)
Col·lecció: XREAP ; 2010-15
Document: workingPaper
Matèria: Investment ; Infrastructures ; Centralization ; Redistribution ; Economic policy ; Política econòmica

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31 p, 172.3 KB

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