DP3138 Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?
|Author(s):||Angel de la Fuente|
|Publication Date:||January 2002|
|Keyword(s):||Infrastructure, regional policy, Spain|
|Programme Areas:||International Macroeconomics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=3138|
This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy has been too redistributive.