Inversión pública y crecimiento económico. Una revisión crítica con propuesta de futuro

The relationship between public investment and economic performance has received a substantial attention by economists and policy-makers over the recent few years. In such a way, several approaches have been followed, from different theoretical and empirical points of view. The aim of this paper is to survey the main results found in the literature, especially those concerning productive public spending and economic growth. Moreover, we present a simple growth model in which regional characteristics are explicitly taken into account.