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Assessing the productivity of public capital with a locational equilibrium model

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Abstract

This paper employs Roback's locational-equilibrium model of public-goods pricing, cross-sectional data from the Census of Population and Housing, and SMSA-level estimates of public capital stocks in order to examine the productive contribution of public capital. I find that public capital has a small positive impact on private output.

Suggested Citation

  • Jeremy B. Rudd, 2000. "Assessing the productivity of public capital with a locational equilibrium model," Finance and Economics Discussion Series 2000-23, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfe:2000-23
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    Cited by:

    1. Andrew F. Haughwout, 2001. "Infrastructure and social welfare in metropolitan America," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 1-16.
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    3. Duran-Fernandez, Roberto & Santos, Georgina, 2014. "An empirical approach to public capital, infrastructure, and economic activity: A critical review," Research in Transportation Economics, Elsevier, vol. 46(C), pages 3-16.
    4. Jason Timmins, 2005. "Is Infrastructure Productive? Evaluating the effects of specific infrastructure projects on firm productivity within New Zealand," Working Papers 05_14, Motu Economic and Public Policy Research.

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    Keywords

    Productivity; Finance; Public;
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