RT info:eu-repo/semantics/article T1 Public capital and regional economic growth: a SVAR approach for the spanish regions T2 Capital Público y Crecimiento Económico Regional: un enfoque SVAR para las Regiones Españolas A1 Márquez Paniagua, Miguel Ángel A1 Ramajo Hernández, Julián A1 Hewings, Geoffrey J.D. K1 Public capital K1 Regional growth K1 VAR methodology K1 Spain K1 Capital público K1 Crecimiento regional K1 Metodología VAR K1 España K1 Economía K1 Economics K1 Geografía K1 Geography K1 Sociología K1 Sociology AB Recently, a significant share of the empirical analysis on the impactof public capital on regional growth has used multivariate time-series frameworks based on vector autoregressive (VAR) models. Nevertheless, not as much attention has been dedicated to the analysis of the long-run determinants of regional growth processes using multi-region panel data and applying panel integration andco-integration techniques. This paper estimates the dynamic domestic effects of public infrastructure using a structural vector autoregressive (S-VAR) methodology for the Spanish regions. From a methodological point of view, the paper contains several features that can be viewed as a contribution to the existing empirical literature. First, the important issues of the stationarity of the data and the existence and estimation of cointegrating relationships in the long-run are addressed in the context of the analysis of panel data. Secondly, the long-run cointegrating production function is embedded within structural vector error correction (S-VEC) shortrunmodels to produce consistent estimates of impulse responses, contrary to many researchers who have estimated unrestricted VAR models in levels or VAR models in first differences. The estimates reveal new results with respect to the previous empirical evidence. PB Asociación Española de Ciencia Regional (AECR) SN 2340-2717 YR 2011 FD 2011 LK http://hdl.handle.net/10017/27546 UL http://hdl.handle.net/10017/27546 LA eng DS MINDS@UW RD 29-mar-2024