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Review of literature on the productivity of public capital

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  • Pellervo Hamalainen

    (Department of Economics, University of Turku, FINLAND)

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    Abstract

    This paper summarizes previous results on the productivity of public capital. In recent literature, Aschauer's (1989) estimate for the productivity of public capital is often considered too high and the size of the effect is still open to debate. However, the positive effect of public capital on the productivity of the private sector is quite widely accepted.

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    Bibliographic Info

    Paper provided by Aboa Centre for Economics in its series Discussion Papers with number 55.

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    Length: 19
    Date of creation: Oct 2009
    Date of revision:
    Handle: RePEc:tkk:dpaper:dp55

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    Keywords: Public capital; public investments; productivity;

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    3. Andrea Bassanini & Stefano Scarpetta & Philip Hemmings, 2001. "Economic Growth: The Role of Policies and Institutions: Panel Data. Evidence from OECD Countries," OECD Economics Department Working Papers 283, OECD Publishing.
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