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A platform for research: civil engineering, architecture and urbanism
A new approach to test the effects of decentralization on public infrastructure investment
This paper proposes a simple theoretical framework to obtain a tractable equation that considers the traditional criteria for allocating public infrastructure investment and variables to capture decentralization. Panel data for the regions of Spain over the period 1986–2010 are used. Positive effects of fiscal and administrative decentralization on public investment in infrastructure are found. The results are strongly robust to different relative measures of public infrastructure investment, estimation methods and databases. Moreover, in line with recent theoretical literature, additional estimations suggest that such effects are bounded and there is no long-run relationship between decentralization and public infrastructure investment.
A new approach to test the effects of decentralization on public infrastructure investment
This paper proposes a simple theoretical framework to obtain a tractable equation that considers the traditional criteria for allocating public infrastructure investment and variables to capture decentralization. Panel data for the regions of Spain over the period 1986–2010 are used. Positive effects of fiscal and administrative decentralization on public investment in infrastructure are found. The results are strongly robust to different relative measures of public infrastructure investment, estimation methods and databases. Moreover, in line with recent theoretical literature, additional estimations suggest that such effects are bounded and there is no long-run relationship between decentralization and public infrastructure investment.
A new approach to test the effects of decentralization on public infrastructure investment
Aray, Henry (author)
Regional Studies ; 53 ; 1042-1057
2019-07-03
16 pages
Article (Journal)
Electronic Resource
English
decentralization , public infrastructure , Spain , panel data , C23 , H54 , H77
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