In this work we go through the economic literature that has quantifiedin the last years the macroeconomic effects of public infrastructures at theregional level. The paper offers, from the point of view of the authors, a review ofthe most significant contributions to the production function and...

In this paper we use a sample of 15 OECD countries to examine whether provision of public and private capital satisfies conditions of intertemporal efficiency over the 1970-1995 period. We find robust evidence that private and public capital have followed criteria of efficient resource...

This paper presents the private capital stock estimates for the 17 Spanish regions, for the 1964-1989 period and for the agriculture, industry, building and service sectors. The Perpetual Inventory Method, used in nearly all OCDE countries, is applied to this estimation, entailing a previous...

The aim of this paper is to analyse the effect of public policies on private industrial investment in Spanish regions by means of a dynamic panel regression model with data collected from 1980 to 2000. We derive and estimate a Euler investment equation that accounts for the influence of both...

In this work we construct a database of regional technological capital, with the maximun disaggregation compatible with Official Regional Accounts of Spain. In addition, we analyze the goodness of these series and their performance in the estimation of regional aggregate production functions. In...

In this paper we analyze the effect of infrastructure on the cost and productivity performance of the private productive sector of Spanish regions over the period 1980-1993. We use a dual approach based on cost functions that allows us to recover the usual parameters estimated with production...

In this work we elaborate a data base that includes 21 OECD countries along the 1965-2001 period. It includes average effective tax rates on consumption, capital and labour, which are adequate to analyse macroeconomic effects of fiscal policy. Additionally, we make a description of the most...

In this paper we look at the interplay between the level of household leverage in the economy and fiscal policy. When the fiscal rule is defined on lump-sum transfers, government spending or consumption taxes, the impact multipliers of transitory fiscal shocks become substantially amplified in...