Government policy and industrial investment determinants in Spanish regions

被引：11
|
作者：
Javier Escriba, F. [1 ]
Jose Murgui, Ma. [1 ]
机构：
[1] Fac Econ, Dept Anal Econ, Valencia 46022, Spain
来源：
REGIONAL SCIENCE AND URBAN ECONOMICS | 2009年 / 39卷 / 04期
关键词：
Panel data; Industrial investment; Government policies; Regions; FOREIGN DIRECT-INVESTMENT; PUBLIC INFRASTRUCTURE; PANEL-DATA; LOCATION; AGGLOMERATION; MODELS;
D O I：
10.1016/j.regsciurbeco.2009.02.005
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 technological and human capital and public infrastructure, which may affect regional efficiency and, therefore, industrial investment. Our results indicate that investment has been sensitive to public infrastructure, particularly in the 1980s, while the effect of human capital was felt throughout the period. Published by Elsevier B.V.
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页码：479 / 488
页数：10
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