G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9011
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
URLhttps://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.
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