Document type
ArticleVersion
Accepted versionPublication date
All rights reserved
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/112984
The regional allocation of infrastructures investment: The role of equity, efficiency and political factors
Journal Title
Director/Tutor
Journal ISSN
Volume Title
Related resource
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.
Subject (English)
Citation
Collections
Citation
CASTELLS, Antoni (Castells Oliveres) and SOLÉ OLLÉ, Albert. The regional allocation of infrastructures investment: The role of equity, efficiency and political factors. European Economic Review. 2005. Vol. 49, num. 5, pags. 1165-1205. ISSN 0014-2921. [consulted: 15 of August of 2026]. Available at: https://hdl.handle.net/2445/112984