Efectos de la inversión en infraestructuras de telecomunicaciones sobre el crecimiento de la economía española:producción,inversión y empleo.

1. Flores de Frutos, Rafael
2. Gracia Díez, Mercedes
3. Pérez Amaral, Teodosio
4. Vega Catena, Pedro Jesús

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In this paper we estimate the effects of the investment in infrastructures of telecommunications on aggregate output, employment and investment in the Spanish economy using yearly data for the period 1964-1993. We use a dynamic multivariate framework, which allows for explicit feedbacks among all variables. We find significant effects on aggregate output, employment and investment, which suggest that regulating and liberalizing the market for telecommunications and removing the existing barriers to investment would be beneficial for the Spanish economy.

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