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https://doi.org/10.18335/region.v4i1.146
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Regional public stock reductions in Spain: estimations from a multiregional spatial vector autorregressive model
[Zeitschriftenartikel]
Abstract The estimation of the impact of public investment on regional economic growth requires consideration of the spatio-temporal dynamics among the state variables of each region. Recent austerity policies in Spain that feature temporary decreases in the accumulation of regional public capital should th... mehr
The estimation of the impact of public investment on regional economic growth requires consideration of the spatio-temporal dynamics among the state variables of each region. Recent austerity policies in Spain that feature temporary decreases in the accumulation of regional public capital should thus be evaluated in terms of their impact on the economy as a whole, on specific regions together with the spillovers effects from one region to the rest of the regional system. Applying a multiregional integrated specification to model interdependencies across regions, our results indicate that, while global decreases in public investment have a homogenously negative effect on the output of all the regions, the Spanish regions portray heterogeneous responses from localized public capital stock reductions over the simulation period considered.... weniger
Thesaurusschlagwörter
Spanien; Investitionspolitik; Region; Sparpolitik
Klassifikation
Raumplanung und Regionalforschung
Wirtschaftspolitik
Sprache Dokument
Englisch
Publikationsjahr
2017
Seitenangabe
S. 129-146
Zeitschriftentitel
Region: the journal of ERSA, 4 (2017) 1
ISSN
2409-5370
Status
Veröffentlichungsversion; begutachtet (peer reviewed)