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Title: Does decentralization improve the efficiency in the allocation of public investment? Evidence from Spain
Author: Esteller Moré, Alejandro
Solé Ollé, Albert
Keywords: Recursos humans
Inversions públiques
Human capital
Public investments
Issue Date: 2005
Publisher: Institut d’Economia de Barcelona
Series/Report no: [WP E-IEB05/05]
Abstract: The well-known “Decentralization Theorem” (Oates, 1972) establishes the superiority of decentralized public provision over the centralized case, which is not so sensitive to the diversity of expenditure needs among territories. We test this hypothesis using a unique Spanish database that provides information on road and educational infrastructure investment and capital stocks by region both before and after the decentralization of such responsibilities. We find that investment in both categories is much more sensitive to regional output and to infrastructure users and costs when sub-central governments have the responsibility over such services.
Note: Reproducció del document publicat a:
It is part of: IEB Working Paper 2005/05
Appears in Collections:IEB (Institut d’Economia de Barcelona) – Working Papers

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