The aim of this paper is to add new arguments to the debate on the redesign of regional policies. An endogenous growth model is presented with two regions where the crucial issue for the removal of regional disparities is public investment. When testing the model using data obtained from Spanish...

Este documento realiza una discusión de las implicaciones de la estabilidad presupuestaria en un marco descentralizado. En primer lugar, se aportan una serie de argumentos a favor de la disciplina fiscal. En segundo lugar, se abordan las peculiaridades de la estabilidad presupuestaria en...

This paper explores the contribution of Information and Communication Technologies (ICT) on economic growth and labor productivity growth of Andalucía during 1995-2004. We find that the contribution of ICT assets to total market GVA growth is quantitatively modest. Anyway the contribution to...

Sobre la base del modelo de Funke y Strulik (2005), se plantean una serie de cuestiones sobre los condicionantes que afectan a la eficacia de la política regional. En particular, se estudia el coste en términos de eficiencia que la redistribución territorial puede ejercer sobre la...

This paper explores issues regarding the regional convergence process. We study the per capita income of Andalusia compared with the remaining regions in Spain over period 1965-1995. Using a very simple growth model with public capital as a production factor, we show that infrastructure...

This paper studies the provision of public inputs in a federal system. A vertical tax externality is also considered. A simple general equilibrium model is used to analyze the efficiency of the equilibria under different scenarios. The results show that the state provision of public inputs may...

Literature describes a positive effect of public investment on private capital accumulation. This paper seeks to provide new empirical evidence on this latter relationship for the case of Spanish regions over period 1965-1997. We use a crowding-out theoretical framework and panel data...

Este trabajo estudia los factores que explican los determinantes de la inversión pública regional a escala provincial. En particular, se analizan los criterios que han podido guiar las decisiones de inversión pública (en carreteras e hidráulicas) realizadas por la Administración...

In this paper we provide a simple general equilibrium model with public investment and distorting taxes. First, we obtain the optimality conditions for public investment provision under different tax systems. Also we discuss whether tax revenue is increased by the complementary between...

This paper explores the effects of several fiscal variables on regional economic growth in Spain over period 1965-1997. Panel estimates are provided for this sample. The results show that public consumption affects negatively growth, public investment exerts a positive (but non significant)...