DP3138 | Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?

Author(s)

Angel de la Fuente

Publication Date

01/01/2002

JEL Code(s)

  • H54

Keyword(s)

  • regional policy, Spain, infrastructure

Programme Area(s)

  • International Macroeconomics

Abstract

This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy has been too redistributive.