The Effects of Operating and Capital Subsidies on Total Factor Productivity: A Decomposition Approach
AbstractPast studies relied on ad hoc associations to establish relationships between productivity on one hand and operating and capital subsidies on the other. This article deviates from these studies. It builds on recent research based on private cost to derive a total factor productivity formula that includes subsidy effects. It specifies an empirical model to estimate the required parameters to apply the formula. The application to urban transit systems shows that the effects of these subsidies on productivity through technical change reinforce the decline in productivity.
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Bibliographic InfoArticle provided by Southern Economic Association in its journal Southern Economic Journal.
Volume (Year): 67 (2000)
Issue (Month): 2 (July)
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- Gwilliam, Ken, 2008. "A review of issues in transit economics," Research in Transportation Economics, Elsevier, vol. 23(1), pages 4-22, January.
- Obeng, K. & Sakano, R., 2008. "Public transit subsidies, output effect and total factor productivity," Research in Transportation Economics, Elsevier, vol. 23(1), pages 85-98, January.
- Amihai GLAZER & Stef PROOST, 2008.
"Capital-intensive projects induce more effort than labor-intensive projects,"
Center for Economic Studies - Discussion papers
ces0831, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- Amihai Glazer & Stef Proost, 2008. "Capital-Intensive Projects Induce More Effort Than Labor-Intensive Projects," Working Papers 080913, University of California-Irvine, Department of Economics.
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