Abstract

http://ssrn.com/abstract=1336516
 
 

References (42)



 


 



Convergence and Public Investiment: Regional Policies Revisited


Santiago Lago-Peñas


University of Vigo, GEN (Governance and Economics research Network)

Diego Martínez Lopez


Fundacion Centro de Estudios Andaluces (CENTRA)

February 2, 2009

REGIONAL ECONOMIC POLICY IN EUROPE: NEW CHALLENGES FOR THEORY, EMPIRICS AND NORMATIVE INTERVENTIONS, Ulrike Stierle-von Schutz, Michael H. Stierle, Frederic B. Jennings Jr., Adrian Kuah, eds., Edward Elgar, Chentelham, 2008

Abstract:     
The aim of this paper is to add new arguments to the debate on the redesign of regional policies. After revising the main factors involving regional economic growth, we provide empirical evidence on the impact caused by the regional policy on convergence. Particularly, we have checked that the traditional regional policy based on infrastructures has not reduced disparities across Spanish regions over the 80's and 90's, despite its redistributive pattern and a high degree of private capital mobility. R&D expenditures appear to be a relevant policy tool to modify the dynamics of regional income per capita, although its true relevance needs to be studied more deeply at regional level. Finally, a number of recommendations are supplied in order to redefine European and Spanish regional policies.

Number of Pages in PDF File: 30

Keywords: infrastructures, convergence, growth, R&D spending

JEL Classification: H54, R58

Accepted Paper Series





Download This Paper

Date posted: February 2, 2009 ; Last revised: February 19, 2009

Suggested Citation

Lago-Peñas, Santiago and Martínez Lopez, Diego, Convergence and Public Investiment: Regional Policies Revisited (February 2, 2009). REGIONAL ECONOMIC POLICY IN EUROPE: NEW CHALLENGES FOR THEORY, EMPIRICS AND NORMATIVE INTERVENTIONS, Ulrike Stierle-von Schutz, Michael H. Stierle, Frederic B. Jennings Jr., Adrian Kuah, eds., Edward Elgar, Chentelham, 2008. Available at SSRN: http://ssrn.com/abstract=1336516

Contact Information

Santiago Lago-Peñas (Contact Author)
University of Vigo, GEN (Governance and Economics research Network) ( email )
Ourense, Ourense 32004
Spain
Diego Martínez Lopez
Fundacion Centro de Estudios Andaluces (CENTRA) ( email )
C/ Bailén. 50
41001 Seville, Seville 41001
Spain
+34 955 055 217 (Phone)
Feedback to SSRN


Paper statistics
Abstract Views: 331
Downloads: 44
References:  42

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.328 seconds