The effects of public capital on the growth in Spanish productivity

  1. Fernández, M. 1
  2. Montuenga-Gómez, V.M. 2
  1. 1 Universidade de Santiago de Compostela
    info

    Universidade de Santiago de Compostela

    Santiago de Compostela, España

    ROR https://ror.org/030eybx10

  2. 2 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

Journal:
Contemporary Economic Policy

ISSN: 1074-3529

Year of publication: 2003

Volume: 21

Issue: 3

Pages: 383-393

Type: Article

DOI: 10.1093/CEP/BYG019 SCOPUS: 2-s2.0-17644428746 WoS: WOS:000184108300009 GOOGLE SCHOLAR

More publications in: Contemporary Economic Policy

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Abstract

The aim of the article is to provide new evidence concerning the effect of public capital on productivity growth in Spain. To this end, the article follows the growth accounting approach, which, in addition to measuring both the direct and indirect effects of public capital on the total factor productivity, allows for assessing whether there is a distinctive impact of public capital across economic sectors. The results lead to three main conclusions: (1) Public capital has a strong influence on growth when we use data from the whole economy; (2) this influence varies across sectors, being more relevant in the exposed sectors (industry) than in sheltered sectors (agriculture, construction, and services); and (3) irrespective of the definition used for public capital, these basic results remain unchanged.