Capital público y agriculturaun modelo postkeynesiano bisectorial para la economía española, 1964-1991
- Òscar Alfranca i Burriel
- Miguel Ángel Galindo Martín
ISSN: 0213-0319
Year of publication: 1997
Issue: 21
Pages: 39-60
Type: Article
More publications in: Quaderns agraris
Abstract
Public capital is widely accepted as a main determinant of economic growth. In this paper, a bisectorial model is presented to analyze the influence of public capital on agriculture and the rest of the sectors of the Spanish economy. The analysis is made under Postkeynesian paradigm rather than neoclassical. Econometric models show that agricultural production sensibility to public capital is smaller than the response of industrial production and gross domestic product.