2026-04-14T08:43:07Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/1194692025-11-19T20:44:14Zcom_2072_1057col_2072_478859col_2072_478917

Does decentralization improve the efficiency in the allocation of public investment? Evidence from Spain Esteller Moré, Alejandro Solé Ollé, Albert Recursos humans Inversions públiques Carreteres Espanya Human capital Public investments Roads Spain The well-known “Decentralization Theorem” (Oates, 1972) establishes the superiority of decentralized public provision over the centralized case, which is not so sensitive to the diversity of expenditure needs among territories. We test this hypothesis using a unique Spanish database that provides information on road and educational infrastructure investment and capital stocks by region both before and after the decentralization of such responsibilities. We find that investment in both categories is much more sensitive to regional output and to infrastructure users and costs when sub-central governments have the responsibility over such services. 2018-01-31T18:31:33Z 2018-01-31T18:31:33Z 2005 info:eu-repo/semantics/workingPaper Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions IEB Working Paper 2005/05 [WP E-IEB05/05] cc-by-nc-nd, (c) Esteller Moré et al., 2005 http://creativecommons.org/licenses/by-nc-nd/3.0/es/ info:eu-repo/semantics/openAccess Institut d’Economia de Barcelona IEB (Institut d’Economia de Barcelona) – Working Papers