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
JEL(s): H54
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.