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.