全球智库信息集成服务系统(G2TT): DP9011 Public investment and regional growth and convergence: Evidence from Greece

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP9011
	DP9011 Public investment and regional growth and convergence: Evidence from Greece
	Andrés Rodríguez-Pose; Vassilis Tselios; Yannis Psycharis
发表日期	2012-03-10
出版年	2012
语种	英语
摘要	This paper estimates the impact of public investment on regional economic growth and convergence at the NUTS III level in Greece. Using a new database of public expenditure per region for the period 1978-2007, it proposes a model which captures not just the impact of public investment in Greek prefectures, but also the spillover effects related to the existence of externalities from neighbouring regions. The results point to a positive long-run impact of public investment per capita on regional economic growth ? but not on convergence ? which also generates considerable spillover effects. However, the returns vary according to different types of public investment, with education and infrastructure spillovers having the highest impact. In general, public investment externalities seem to be more relevant for regional growth than direct public investment in each region. Finally, the impact of different types of public investment in Greece is mediated by politics and political factors, but the effect of politics disappears once we control for political-period-specific spatial-invariant variables.
主题	International Trade and Regional Economics
关键词	Convergence Economic growth Greece Public investment Regional economics Regional policy Spatial econometrics Spillover effects
URL	https://cepr.org/publications/dp9011
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/537754
推荐引用方式 GB/T 7714	Andrés Rodríguez-Pose,Vassilis Tselios,Yannis Psycharis. DP9011 Public investment and regional growth and convergence: Evidence from Greece. 2012.