110718 20230519145614.0 doi 10.1080/15140326.2021.1926188 sideral 127352 ART-2021-127352 eng Zárate Marco, A. Universidad de Zaragoza (orcid)0000-0002-5525-4556 The interdependence of investment by different levels of government in a federal context 2021 Access copy available to the general public Unrestricted We use the Stochastic Frontier Approach to analyse for the first time the regions’ investment response to the central and local governments’ capital expenditure. The Spanish context is very interesting for this analysis because responsibilities are distributed between the three levels of government in a very interesting dual way: the distribution of spending responsibilities between central and regional governments corresponds to an exclusionary attribution of functions, while between regional and local levels, governments opt for cooperation. Results show that capital expenditure undertaken by the central government in the regions acts as substitute for regional investment, while capital expenditure by local governments appears to complement it. These results should be taken into account by public administrations when designing the distribution of responsibilities between different levels of government and their economic policy aims. info:eu-repo/grantAgreement/ES/MINECO-FEDER/RTI2018-095799-B-I00 info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 1.809 2021 ECONOMICS 222 / 382 = 0.581 2021 Q3 T2 0.483 2021 Economics, Econometrics and Finance (miscellaneous) 2021 Q2 2.0 2021 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Vallés Giménez, J. Universidad de Zaragoza (orcid)0000-0002-2542-4956 4014 225 Universidad de Zaragoza Dpto. Economía Aplicada Área Economía Aplicada 24, 1 (2021), 219-240 J. appl. econ. Journal of Applied Economics 1514-0326 1067679 http://zaguan.unizar.es/record/110718/files/texto_completo.pdf Versión publicada 937997 http://zaguan.unizar.es/record/110718/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:110718 articulos driver 2023-05-18-16:09:54 ARTICLE