Government production of investment goods and aggregate labor productivity
In this paper, I estimate the impact on aggregate labor productivity of having government, rather than private industry, produce investment goods. This policy was pursued to varying degrees by Egypt, India, Turkey, among others. The policy has a large impact because there is both a direct effect (on the production function in the investment sector) and a secondary effect (on the economy-wide capital stock per worker). I estimate that this policy alone accounted for about one-third of Egypt's aggregate labor productivity gap with the United States during the 1960s.
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Volume (Year): 47 (2001)
Issue (Month): 1 (February)
Pages: 163-187
| Handle: | RePEc:eee:moneco:v:47:y:2001:i:1:p:163-187 |
| Contact details of provider: | Web page: http://www.elsevier.com/locate/inca/505566
|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"The Poverty of Nations: A Quantitative Exploration,"
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- SchmitzJr, James A., 2001. "Government production of investment goods and aggregate labor productivity," Journal of Monetary Economics, Elsevier, vol. 47(1), pages 163-187, February.
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- Thomas J. Holmes & James A. Schmitz, 1994. "Resistance to technology and trade between areas," Staff Report 184, Federal Reserve Bank of Minneapolis. Full references (including those not matched with items on IDEAS)
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