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IEB05-05_Esteller.pdf (349.07 KB)

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Working paper

Publication date

2005

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cc-by-nc-nd, (c) Esteller Moré et al., 2005
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/119469

Does decentralization improve the efficiency in the allocation of public investment? Evidence from Spain

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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.

Subject

Recursos humans, Inversions públiques, Carreteres, Espanya

Subject (English)

Human capital, Public investments, Roads, Spain

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IEB (Institut d’Economia de Barcelona) – Working Papers

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ESTELLER MORÉ, Alejandro and SOLÉ OLLÉ, Albert. Does decentralization improve the efficiency in the allocation of public investment? Evidence from Spain. IEB Working Paper 2005/05. [consulted: 14 of August of 2026]. Available at: https://hdl.handle.net/2445/119469

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