We use the Stochastic Frontier Approach to analyse for the first time the regions’ investment response to the central and local governments’ capital expenditure. The Spanish context is very interesting for this analysis because responsibilities are distributed between the three levels of...

We use the Stochastic Frontier Approach to analyse for the first time the regions' investment response to the central and local governments' capital expenditure. The Spanish context is very interesting for this analysis because responsibilities are distributed between the three levels of...