The role of Infrastructures as to Competitivity and Economic Development

Authors

  • Vicente Inglada López de Sabando

Abstract

The paper advances that the traditional Keynsian viewpoint that public investment is the motor of economic activity thanks to its boosting of demand and thus its serving as a multiplier factor has of late been further justified by new evidence but this, this time, coming from supply considerations and being concerned with the new role that infrastructure spending has been seen to play as to bettering both competitivity and economic development. In the light of this fresh perspective, many of the development countries, faced with the ongoing economic crisis, have opted for expansionist public spending policies. Within such thinking, the Overall Plan for Infrastructures takes on an outstanding importance due to its unifying of the economic effort by means of the push that it will give to productivity in the private sector and thus to the economy as a whole. The paper, by means of a use of contrasting methodological standpoints both analyses and quantifies the effects upon our economic activity of public spending and through this makes the importance of our infrastructures to any economic development patent.

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Published

1993-09-28

How to Cite

Inglada López de Sabando, V. (1993). The role of Infrastructures as to Competitivity and Economic Development. Ciudad Y Territorio Estudios Territoriales, (97), 397–409. Retrieved from https://recyt.fecyt.es/index.php/CyTET/article/view/83893

Issue

Vol. I, núm. 97 (1993)

Section

Opinion

License

Copyright (c) 1993 Vicente Inglada López de Sabando

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