Measuring the spillover effects of public capital: A bi-regional structural vector autoregressive analysis

Miguel A. Márquez; Julián Ramajo; Geoffrey J.D. Hewings

doi:10.1007/s12076-010-0042-8

Measuring the spillover effects of public capital: A bi-regional structural vector autoregressive analysis

Miguel A. Márquez
, Julián Ramajo
, Geoffrey J.D. Hewings

Research output: Contribution to journal › Article › peer-review

Abstract

In the framework of approaches to assessing the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructure for the regions of Spain using a structural vector autoregressive (S-VAR) method. Methodologically, the main contribution is the proposal of a novel form (through bi-regional models) of estimating the spillover effects of one-time innovations in the public capital installed in a given region on the economic growth of the other regions of the country. From a policy perspective, the results highlight how these new models could contribute to the allocation of public investment in order to promote balanced regional growth, and provide new insights into the analysis of regional economic growth processes.

Original language	English (US)
Pages (from-to)	111-125
Number of pages	15
Journal	Letters in Spatial and Resource Sciences
Volume	3
Issue number	3
DOIs	https://doi.org/10.1007/s12076-010-0042-8
State	Published - Oct 2010

Keywords

Public Capital
Shocks
Spain
Spillovers
VAR

ASJC Scopus subject areas

Demography
Geography, Planning and Development
Urban Studies
Economics and Econometrics

Online availability

10.1007/s12076-010-0042-8

Library availability

Discover UIUC Full Text

Cite this

@article{f20a1d39d7bb4f4d8d75ea3e556ea9d0,

title = "Measuring the spillover effects of public capital: A bi-regional structural vector autoregressive analysis",

abstract = "In the framework of approaches to assessing the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructure for the regions of Spain using a structural vector autoregressive (S-VAR) method. Methodologically, the main contribution is the proposal of a novel form (through bi-regional models) of estimating the spillover effects of one-time innovations in the public capital installed in a given region on the economic growth of the other regions of the country. From a policy perspective, the results highlight how these new models could contribute to the allocation of public investment in order to promote balanced regional growth, and provide new insights into the analysis of regional economic growth processes.",

keywords = "Public Capital, Shocks, Spain, Spillovers, VAR",

author = "M{\'a}rquez, \{Miguel A.\} and Juli{\'a}n Ramajo and Hewings, \{Geoffrey J.D.\}",

note = "Acknowledgements The comments of the referees and the editor on earlier versions are greatly appreciated. The authors acknowledge and appreciate the funding received from the Ministry of Science and Innovation of Spain through the project ECO2009-12506.",

year = "2010",

month = oct,

doi = "10.1007/s12076-010-0042-8",

language = "English (US)",

volume = "3",

pages = "111--125",

journal = "Letters in Spatial and Resource Sciences",

issn = "1864-4031",

publisher = "Springer",

number = "3",

}

TY - JOUR

T1 - Measuring the spillover effects of public capital

T2 - A bi-regional structural vector autoregressive analysis

AU - Márquez, Miguel A.

AU - Ramajo, Julián

AU - Hewings, Geoffrey J.D.

N1 - Acknowledgements The comments of the referees and the editor on earlier versions are greatly appreciated. The authors acknowledge and appreciate the funding received from the Ministry of Science and Innovation of Spain through the project ECO2009-12506.

PY - 2010/10

Y1 - 2010/10

N2 - In the framework of approaches to assessing the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructure for the regions of Spain using a structural vector autoregressive (S-VAR) method. Methodologically, the main contribution is the proposal of a novel form (through bi-regional models) of estimating the spillover effects of one-time innovations in the public capital installed in a given region on the economic growth of the other regions of the country. From a policy perspective, the results highlight how these new models could contribute to the allocation of public investment in order to promote balanced regional growth, and provide new insights into the analysis of regional economic growth processes.

AB - In the framework of approaches to assessing the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructure for the regions of Spain using a structural vector autoregressive (S-VAR) method. Methodologically, the main contribution is the proposal of a novel form (through bi-regional models) of estimating the spillover effects of one-time innovations in the public capital installed in a given region on the economic growth of the other regions of the country. From a policy perspective, the results highlight how these new models could contribute to the allocation of public investment in order to promote balanced regional growth, and provide new insights into the analysis of regional economic growth processes.

KW - Public Capital

KW - Shocks

KW - Spain

KW - Spillovers

KW - VAR

UR - https://www.scopus.com/pages/publications/78049314029

UR - https://www.scopus.com/pages/publications/78049314029#tab=citedBy

U2 - 10.1007/s12076-010-0042-8

DO - 10.1007/s12076-010-0042-8

M3 - Article

AN - SCOPUS:78049314029

SN - 1864-4031

VL - 3

SP - 111

EP - 125

JO - Letters in Spatial and Resource Sciences

JF - Letters in Spatial and Resource Sciences

IS - 3

ER -

Measuring the spillover effects of public capital: A bi-regional structural vector autoregressive analysis

Abstract

Keywords

ASJC Scopus subject areas

Online availability

Library availability

Related links

Fingerprint

Cite this