Public infrastructure investments and regional specialization: empirical evidence from Greece
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Date
2014
Journal Title
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The Author(s)
Abstract
The paper investigates the determinants of regional specialization for six broad
sectors of economic activity in Greece, focusing on the effect of various
types of public infrastructure investment. A system-wide model of panel regression
equations is employed to recognize the significance of spatially fixed effects and that
the covariates of specialization may vary with each sector. The role of market access
on the specialization of manufacturing and main service activities is found to be conflicting
with that of regional public investment, especially with regard to road expenditure. The results
signify the potential of policy-makers to affect specialization patterns through reallocation of
regional investment
shares.
Description
Regional Science Policy & Practice, Volume 6 Number 3 August 2014.
Keywords
Regional specialization, public investment, infrastructure networks, transport, market access