Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/112984
Title: The regional allocation of infrastructures investment: The role of equity, efficiency and political factors
Author: Castells, Antoni (Castells Oliveres)
Solé Ollé, Albert
Keywords: Infraestructures (Transport)
Inversions
Equitat (Dret)
Eficiència industrial
Economia
Transportation buildings
Investments
Equity
Industrial efficiency
Economics
Issue Date: Jul-2005
Publisher: Elsevier B.V.
Abstract: This paper analyses the main determinants of the regional allocation of infrastructure investment. The estimated investment equation is derived from a general specification of the government's objective function (Berhman and Craig, Am. Econom. Rev. 77 (1987) 315), which accounts both for the equity-efficiency trade-off and for deviations from this rule that arise because of political factors. The reaction of investment to changes in the regional output provides information about the strength of the equity-efficiency trade-off. The main political factor considered is a measurement of the electoral productivity of funds invested in each region.
Note: Versió postprint del document publicat a: https://doi.org/10.1016/j.euroecorev.2003.07.002
It is part of: European Economic Review, 2005, vol. 49, num. 5, p. 1165-1205
Related resource: https://doi.org/10.1016/j.euroecorev.2003.07.002
URI: http://hdl.handle.net/2445/112984
ISSN: 0014-2921
Appears in Collections:Articles publicats en revistes (Economia)

Files in This Item:
File Description SizeFormat 
612413.pdf196.39 kBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.