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La contribution du capital public à la productivité des facteurs privés : une estimation sur panel sectoriel pour dix pays de l'OCDE

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  • Christophe Hurlin

Abstract

[eng] The contribution of public capital to private factor productivity: an estimate using sector-based panel data for ten OECD countries by Christophe Hurlin This paper uses sector-based panel data on ten OECD countries to produce a number of estimates of the return on public capital. The introduction of country-specific effects finds that public capital has positive effects on private productivity. However, these effects are relatively moderate compared with those found by a level-based specification applied to aggregate chronological data. We find no distinct or systematic deviation between the estimated public capital elasticities and the public investment ratio for the countries in our panel. [fre] La contribution du capital public à la productivité des facteurs privés : une estimation sur panel sectoriel pour dix pays de l'OCDE par Christophe Hurlin Dans cet article, nous proposons une estimation des rendements du capital public à partir d'un panel sectoriel de dix pays de l'OCDE. Il ressort de cette étude que, d'une part, l'introduction d'effets spécifiques aux pays ne permet pas de rejeter l'hypothèse de l'existence d'effets productifs significatifs du capital public, mais que, d'autre part, ces effets sont relativement modestes comparés à ceux qui avaient été obtenus à partir d'une spécification en niveau et sur données agrégées chronologiques. Ainsi on n'observe pas d'écart manifeste ou systématique entre les élasticités estimées du capital public et les parts de l'investissement public dans la production.

Suggested Citation

  • Christophe Hurlin, 1999. "La contribution du capital public à la productivité des facteurs privés : une estimation sur panel sectoriel pour dix pays de l'OCDE," Économie et Prévision, Programme National Persée, vol. 137(1), pages 49-65.
  • Handle: RePEc:prs:ecoprv:ecop_0249-4744_1999_num_137_1_5947 Note: DOI:10.3406/ecop.1999.5947
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    References listed on IDEAS

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    1. E. C. Hope, 1952. "Discussion," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 1(1), pages 43-46, March.
    2. T. G. Woollam & F. M. Schrader, 1952. "Discussion," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 1(1), pages 36-39, March.
    3. Damien Neven & Claudine Gouymte, 1995. "Regional Convergence in the European Community," Journal of Common Market Studies, Wiley Blackwell, vol. 33(1), pages 47-65, March.
    4. Schmidt, Peter & Sickles, Robin C, 1984. "Production Frontiers and Panel Data," Journal of Business & Economic Statistics, American Statistical Association, vol. 2(4), pages 367-374, October.
    5. Bernard, Andrew B & Jones, Charles I, 1996. "Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries," American Economic Review, American Economic Association, vol. 86(5), pages 1216-1238, December.
    6. Cornwell, Christopher & Schmidt, Peter & Sickles, Robin C., 1990. "Production frontiers with cross-sectional and time-series variation in efficiency levels," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 185-200.
    7. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
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    Cited by:

    1. Ghassan, Hassan B., 2002. "الإنفاق العمومي والإستثمار الخاص اختبار أثر المزاحمة عبر المعاينة المعادة
      [Public Spending and Private Investment: Test of Crowding-out Effects through Re-sampling]
      ," MPRA Paper 56381, University Library of Munich, Germany, revised 03 Dec 2002.

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