Public Capital And Private Productivity
AbstractThis paper uses three different approaches to investigate whether the declining provision of public capital is a major cause of declining labor productivity. The juxtaposition of approaches removes the variability in estimates due to dissimilar variable definitions and econometric methodologies. Estimates are based on U.S. time-series data and are evaluated by the implied elasticities of substitution, the prediction of labor productivity trends, and the impact of public capital on productivity. As the three approaches yield very different estimates, it will be hard to ever settle the debate about the effect of public capital on private productivity. © 1997 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by MIT Press in its journal The Review of Economics and Statistics.
Volume (Year): 79 (1997)
Issue (Month): 2 (May)
Contact details of provider:
Web page: http://mitpress.mit.edu/journals/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Jaume Puig, 2000. "Technical inefficiency and public capital in US States: A stochastic frontier approach," Economics Working Papers 451, Department of Economics and Business, Universitat Pompeu Fabra.
- Fumitoshi Mizutani & Tomoyasu Tanaka, 2010. "Productivity effects and determinants of public infrastructure investment," The Annals of Regional Science, Springer, vol. 44(3), pages 493-521, June.
- Alfredo Marvão Pereira & Jorge M. Andraz, 2013.
"On the economic effects of public infrastructure investment:A survey of the international evidence,"
108, Department of Economics, College of William and Mary.
- Alfredo Pereira & Jorge Andraz, 2012. "On the economic effects of public infrastructure investment: A survey of the international evidence," CEFAGE-UE Working Papers 2012_10, University of Evora, CEFAGE-UE (Portugal).
- Mamatzakis, E. C., 2003. "Public infrastructure and productivity growth in Greek agriculture," Agricultural Economics, Blackwell, vol. 29(2), pages 169-180, October.
- Ward Romp & Jakob de Haan, 2007.
"Public Capital and Economic Growth: A Critical Survey,"
Perspektiven der Wirtschaftspolitik,
Verein für Socialpolitik, vol. 8(s1), pages 6-52, 04.
- Romp, Ward & de Haan, Jakob, 2005. "Public capital and economic growth: a critical survey," EIB Papers 2/2005, European Investment Bank, Economics Department.
- Duarte Bom, P.R., 2011. "The macroeconomics of fiscal policy and public capital," Open Access publications from Tilburg University urn:nbn:nl:ui:12-5067552, Tilburg University.
- Straub, Stephane, 2008.
"Infrastructure and growth in developing countries : recent advances and research challenges,"
Policy Research Working Paper Series
4460, The World Bank.
- Stephane Straub, 2008. "Infrastructure and Growth in Developing Countries: Recent Advances and Research Challenges," ESE Discussion Papers 179, Edinburgh School of Economics, University of Edinburgh.
- Rodríguez Vález, J. & Arias Sampedro, C., 2004. "Desbordamiento espacial de la productividad de las infraestructuras: una aplicación con fronteras estocásticas," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 22, pages 1-16, Diciembre.
- Lei Lei Song, 2002. "Public Capital, Congestion and Private Production in Australia," Melbourne Institute Working Paper Series wp2002n23, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Pedro R.D. Bom & Jenny E. Ligthart, 2009. "How Productive is Public Capital? A Meta-Regression Analysis," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0912, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- G.E. Hebbink, 2000. "Demographic ageing and sustainability of fiscal policy: projections with a renewed generational accounting model," WO Research Memoranda (discontinued) 609, Netherlands Central Bank, Research Department.
- Wim Vijverberg & Feng-Cheng Fu & Chu-Ping Vijverberg, 2011. "Public infrastructure as a determinant of productive performance in China," Journal of Productivity Analysis, Springer, vol. 36(1), pages 91-111, August.
- Chu-Ping C. Vijverberg & Wim P. M. Vijverberg, 2007. "Diagnosing the Productivity Effect of Public Capital in the Private Sector," Eastern Economic Journal, Eastern Economic Association, vol. 33(2), pages 207-230, Spring.
- Emmanuel C. Mamatzakis, 2007. "An Analysis of the Impact of Public Infrastructure on Productivity Performance of Mexican Industry," CESifo Working Paper Series 2099, CESifo Group Munich.
- Andreas Stephan, 2003.
"Assessing the contribution of public capital to private production: Evidence from the German manufacturing sector,"
International Review of Applied Economics,
Taylor and Francis Journals, vol. 17(4), pages 399-417.
- Andreas Stephan, 2002. "Assessing the Contribution of Public Capital to Private Production: Evidence from the German Manufacturing Sector," Discussion Papers of DIW Berlin 315, DIW Berlin, German Institute for Economic Research.
- repec:lrk:lrkwkp:fiirs016 is not listed on IDEAS
- Jérôme Creel & Francesco Saraceno & Paola Veroni, 2007.
"Has the Golden Rule of Public Finance Made a difference in the UK,"
Sciences Po publications
2007-13, Sciences Po.
- Jerome Creel & Paola Monperrus-Veroni & Francesco Saraceno, 2007. "Has the Golden Rule of Public Finance Made a Difference in the UK ?," Documents de Travail de l'OFCE 2007-13, Observatoire Francais des Conjonctures Economiques (OFCE).
- Mamatzakis, E.C., 2007. "EU infrastructure investment and productivity in Greek manufacturing," Journal of Policy Modeling, Elsevier, vol. 29(2), pages 335-344.
- Fu, Feng-Cheng & Vijverberg, Chu-Ping C. & Vijverberg, Wim P., 2004. "Public Infrastructure as a Determinant of Intertemporal and Interregional Productive Performance in China," IZA Discussion Papers 1019, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If references are entirely missing, you can add them using this form.