Infrastructure and regional economic performance: comment
Widely disparate results have flowed from various attempts to analyze the impact of public investment in tangible infrastructure on measures of economic activity. The author takes the substantial body of data put together by Munnell and Cook for 48 states over the years 1970 to 1986 and uses the data in pooled time series regressions, in pooled cross sections, and finally in distributed-lag investment functions. ; The author’s results support Munnell’s finding that states that have more capital have greater output, even after taking into account both their amounts of labor (nonagricultural employment) and private capital. The author notes that serious questions remain, however, as to which is the cause and which is the effect.
Volume (Year): (1991)
Issue (Month): Sep ()
|Contact details of provider:|| Postal: 600 Atlantic Avenue, Boston, Massachusetts 02210|
Web page: http://www.bos.frb.org/
More information through EDIRC
|Order Information:|| Email: |
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.:
- William D. Nordhaus & James Tobin, 1971.
"Is Growth Obsolete?,"
Cowles Foundation Discussion Papers
319, Cowles Foundation for Research in Economics, Yale University.
- William D. Nordhaus & James Tobin, 1972. "Is Growth Obsolete?," NBER Chapters, in: Economic Research: Retrospect and Prospect, Volume 5, Economic Growth, pages 1-80 National Bureau of Economic Research, Inc.
- William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564 National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:fip:fedbne:y:1991:i:sep:p:47-58. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio)
If references are entirely missing, you can add them using this form.