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Title: Spatially blind policies? Analysing agglomeration economies and European Investment Bank funding in European neighbouring countries
Author: Castells-Quintana, David
Royuela Mora, Vicente
Keywords: Política urbana
Economia urbana
Desenvolupament econòmic
Anàlisi de dades de panel
Urban policy
Urban economics
Economic development
Panel analysis
Issue Date: May-2018
Publisher: Springer Verlag
Abstract: Abstract Policies promoting development need to take into account the fact that globalisation has made space more rather than less important. To take full advantage of agglomeration economies that come with urban concentration, infrastructure plays a key role. For a long time development policies have focused on the provision of infrastructure. In this work, we analyse: first how urban concentration and infrastructure interact with each other for encouraging economic growth; and second whether policies promoting infrastructure have considered the spatial distribution of economic activity. As a case study, we focus on the European Investment Bank (EIB) projects financing infrastructures, for both the European Union and the EU neighbourhood. We perform panel data analysis considering different measures of infrastructure, and we also analyse the EIB projects. Our results suggest a relevant role of connectivity infrastructure (i.e. transport and communications) for agglomeration benefits to take place in European Neighbouring Policy countries. Our results also suggest that EIB funding in ENP countries ismostly country specific and displays no spatial dimension.
Note: Versió postprint del document publicat a:
It is part of: Annals of Regional Science, 2018, vol. 60, num. 3, p. 569-589
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ISSN: 0570-1864
Appears in Collections:Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)

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