The regional allocation of infrastructures investment: The role of equity, efficiency and political factors

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RECERCAT Home > Universitat de Barcelona > Economia > Articles publicats en revistes (Economia ) > View document

To access the full text documents, please follow this link: http://hdl.handle.net/2445/112984

dc.contributor	Universitat de Barcelona
dc.contributor.author	Castells, Antoni (Castells Oliveres)
dc.contributor.author	Solé Ollé, Albert
dc.date	2017-06-28T08:03:37Z
dc.date	2017-06-28T08:03:37Z
dc.date	2005-07
dc.date	2017-06-28T08:03:38Z
dc.identifier.citation	0014-2921
dc.identifier.citation	612413
dc.identifier.uri	http://hdl.handle.net/2445/112984
dc.format	41 p.
dc.format	application/pdf
dc.language.iso	eng
dc.publisher	Elsevier B.V.
dc.relation	Versió postprint del document publicat a: https://doi.org/10.1016/j.euroecorev.2003.07.002
dc.relation	European Economic Review, 2005, vol. 49, num. 5, p. 1165-1205
dc.relation	https://doi.org/10.1016/j.euroecorev.2003.07.002
dc.rights	(c) Elsevier B.V., 2005
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	Infraestructures (Transport)
dc.subject	Inversions
dc.subject	Equitat (Dret)
dc.subject	Eficiència industrial
dc.subject	Economia
dc.subject	Transportation buildings
dc.subject	Investments
dc.subject	Equity
dc.subject	Industrial efficiency
dc.subject	Economics
dc.title	The regional allocation of infrastructures investment: The role of equity, efficiency and political factors
dc.type	info:eu-repo/semantics/article
dc.type	info:eu-repo/semantics/acceptedVersion
dc.description.abstract	This paper analyses the main determinants of the regional allocation of infrastructure investment. The estimated investment equation is derived from a general specification of the government's objective function (Berhman and Craig, Am. Econom. Rev. 77 (1987) 315), which accounts both for the equity-efficiency trade-off and for deviations from this rule that arise because of political factors. The reaction of investment to changes in the regional output provides information about the strength of the equity-efficiency trade-off. The main political factor considered is a measurement of the electoral productivity of funds invested in each region.

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