Labour market effects of public capital stock: evidence for the Spanish private sector

References

• Aghion , P. and Howitt , P. 1994 . Growth and unemployment . Review of Economic Studies , 61 : 477 – 94 .
   Web of Science ®Google Scholar
• Aschauer , D. 1989 . Is public expenditure productive? . Journal of Monetary Economics , 23 : 177 – 200 .
   Web of Science ®Google Scholar
• Avilés , A. , Gómez , R. and Sánchez , J. 2003 . Capital público, actividad económica privada y efectos desbordamiento: un análisis por Comunidades Autónomas de los sectores industria y construcción en España . Hacienda Pública Española Revista de Economía Pública , 165 : 25 – 51 .
   Google Scholar
• Barro , R. 1990 . Government spending in a simple model of endogenous growth . Journal of Political Economy , 98 : 103 – 25 .
   Web of Science ®Google Scholar
• Bean , C. and Pissarides , C.A. 1993 . Unemployment, consumption and growth . European Economic Review , 37 : 837 – 54 .
   Web of Science ®Google Scholar
• Bewley , R. 1979 . The direct estimation of the equilibrium response in a linear dynamic model . Economics Letters , 55 : 251 – 76 .
   Google Scholar
• Blanchard , O. and Katz , J. 1997 . What we know and do not know about the natural rate of unemployment . Journal of Economic Perspectives , 11 : 51 – 72 .
   Web of Science ®Google Scholar
• Blanchard , O. and Katz , J. 1999 . Wage dynamics: Reconciling theory and evidence . The American Economic Review , 89 ( 2 ) : 69 – 74 .
   Web of Science ®Google Scholar
• Boscá , J.E. , Escribá , J. and Murgui , M. 2002 . The effects of public infrastructures on the private productive sector of Spanish regions . Journal of Regional Science , 42 ( 2 ) : 301 – 26 .
   Google Scholar
• Cantos , P. , Gumbau , M. and Maudós , J. 2005 . Transport infrastructures, spillover effects and regional growth: evidence of the Spanish case . Transport Reviews , 25 ( 1 ) : 25 – 50 .
   Web of Science ®Google Scholar
• Daveri , F. and Tabellini , G. 2000 . Unemployment, growth and taxation in industrial countries . Economic Policy , 15 ( 30 ) : 47 – 88 .
   Google Scholar
• De la Croix , D. , Palm , F.C. and Pfann , G.A. 1996 . A dynamic contracting model for wages and employment in three European economies . European Economic Review , 40 : 429 – 48 .
   Google Scholar
• Demetriades , P. and Mamuneas , T. 2000 . Intertemporal output and employment effects of public infrastructure capital: evidence from 12 OECD economies . The Economic Journal , 110 : 687 – 712 .
   Web of Science ®Google Scholar
• Eriksson , C. 1997 . Is there a trade‐off between employment and growth? . Oxford Economic Papers , 49 : 77 – 88 .
   Web of Science ®Google Scholar
• Fernández , M. and Montuenga , V. 2003 . The effects of public capital on the Spanish productivity growth . Contemporary Economic Policy , 21 ( 3 ) : 383 – 93 .
   Google Scholar
• Fisher , W.H. and Turnovsky , S.J. 1998 . Public investment, congestion, and private capital accumulation . The Economic Journal , 108 ( 447 ) : 399 – 413 .
   Web of Science ®Google Scholar
• Flores de Frutos , R. , Gracia‐Díez , M. and Pérez‐Amaral , T. 1998 . Public capital stock and economic growth: An analysis of the Spanish economy . Applied Economics , 30 : 985 – 94 .
   Web of Science ®Google Scholar
• Glomm , G. and Ravikumar , B. 1997 . Productive government expenditures and long run growth . Journal of Economic Dynamics and Control , 21 : 183 – 204 .
   Web of Science ®Google Scholar
• Johansen , S. 1991 . Estimation and hypothesis testing of cointegrating vectors in gaussian vector autoregressive models . Econometrica , 59 : 1551 – 80 .
   Web of Science ®Google Scholar
• Kamps , C. 2005 . The dynamic effects of public capital: VAR evidence for 22 OECD countries . International Tax and Public Finance , 12 : 533 – 58 .
   Web of Science ®Google Scholar
• Karanassou , M. , Sala , H. and Snower , D.J. 2008 . Long‐run inflation–unemployment dynamics: The Spanish Phillips curve and economic policy . Journal of Policy Modeling , 30 ( 2 ) : 279 – 300 .
   Google Scholar
• Karanassou , M. and Snower , D.J. 2000 . “ Characteristics of unemployment dynamics: The chain reaction approach ” . Bonn : IZA . IZA Discussion Paper 127
   Google Scholar
• Lindbeck , A. and Snower , D.J. 1989 . The Insider–Outsider Theory , Cambridge, MA : MIT Press .
   Google Scholar
• Lynde , C. and Richmond , J. 1993 . Public capital and total factor productivity . International Economic Review , 34 : 401 – 14 .
   Web of Science ®Google Scholar
• Mas , M. , Maudos , J. , Pérez , F. and Uriel , E. 1996 . Infrastructures and productivity in the Spanish regions . Regional Studies , 30 ( 7 ) : 641 – 49 .
   Web of Science ®Google Scholar
• Mas , M. , Pérez , F. and Uriel , E. 2000 . Estimation of the stock of capital in Spain . The Review of Income and Wealth , 46 : 103 – 16 .
   Google Scholar
• Mas , M. , Pérez , F. and Uriel , E. 2005 . “ El Stock de Capital en España y su Distribución Territorial (1964–2002) ” . Bilbao : Fundación BBVA .
   Google Scholar
• Moreno , R. , Artís , M. , López‐Bazo , E. and Suriñach , J. 1997 . Evidence on the complex link between infrastructure and regional growth . International Journal of Development Planning Literature , 12 ( 2–3 ) : 81 – 108 .
   Google Scholar
• Pereira , A. and Roca‐Sagalés , O. 1999 . Public capital formation and regional development in Spain . Review of Development Economics , 3 : 281 – 94 .
   Google Scholar
• Pereira , A. and Roca‐Sagalés , O. 2001 . Infrastructures and private sector performance in Spain . Journal of Policy Modeling , 23 : 371 – 84 .
   Web of Science ®Google Scholar
• Pesaran , M.H. 1997 . The role of economic theory in modelling the long run . The Economic Journal , 107 ( 440 ) : 178 – 91 .
   Web of Science ®Google Scholar
• Pesaran , M.H. and Shin , Y. 1999 . “ An autoregressive distributed‐lag modelling approach to cointegration analysis ” . In Econometrics and Economic Theory in the Twentieth Century: The Ragnar Frisch Centennial Symposium , Edited by: Strom , S. 371 – 413 . Cambridge : Cambridge University Press .
   Google Scholar
• Pesaran , M.H. , Shin , Y. and Smith , R.J. 2001 . Bounds testing approaches to the analysis of level relationships . Journal of Applied Econometrics , 16 : 289 – 326 .
   Web of Science ®Google Scholar
• Phillips , P.C.B. and Hansen , B. 1990 . Statistical inference in instrumental variables regression with I(1) processes . Review of Economic Studies , 57 : 99 – 125 .
   Web of Science ®Google Scholar
• Raurich , X. and Sorolla , V. 2003 . Growth, unemployment and public capital . Spanish Economic Review , 5 : 49 – 61 .
   Google Scholar
• Sala , H. 2008 . Institutions, capital stock and wage setting in Spain . Applied Economics , 40 ( 23 ) forthcoming
   Google Scholar
• Van Ommeren , J. and Rietveld , P. 2005 . The commuting time paradox . Journal of Urban Economics , 58 : 437 – 54 .
   Google Scholar
• Ventelou , B. and Bry , X. 2006 . The role of public spending in economic growth: Envelopment methods . Journal of Policy Modeling , 28 : 403 – 13 .
   Web of Science ®Google Scholar