Gateway to Think Tanks
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. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。