Discussion paper

DP3138 Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?

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.

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Citation

de la Fuente, A (2002), ‘DP3138 Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?‘, CEPR Discussion Paper No. 3138. CEPR Press, Paris & London. https://cepr.org/publications/dp3138