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The Effects of Operating and Capital Subsidies on Total Factor Productivity: A Decomposition Approach

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  • K. Obeng
  • R. Sakano

Abstract

Past studies relied on ad hoc associations to establish relationships between productivity on one hand and operating and capital subsidies on the other. This article deviates from these studies. It builds on recent research based on private cost to derive a total factor productivity formula that includes subsidy effects. It specifies an empirical model to estimate the required parameters to apply the formula. The application to urban transit systems shows that the effects of these subsidies on productivity through technical change reinforce the decline in productivity.

Suggested Citation

  • K. Obeng & R. Sakano, 2000. "The Effects of Operating and Capital Subsidies on Total Factor Productivity: A Decomposition Approach," Southern Economic Journal, Southern Economic Association, vol. 67(2), pages 381-397, July.
  • Handle: RePEc:sej:ancoec:v:67:2:y:2000:p:381-397
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    Cited by:

    1. repec:spr:sochwe:v:48:y:2017:i:4:d:10.1007_s00355-017-1043-y is not listed on IDEAS
    2. Bernini, Cristina & Cerqua, Augusto & Pellegrini, Guido, 2017. "Public subsidies, TFP and efficiency: A tale of complex relationships," Research Policy, Elsevier, vol. 46(4), pages 751-767.
    3. Maria Nieswand & Matthias Walter, 2010. "Cost Efficiency and Subsidization in German Local Public Bus Transit," Discussion Papers of DIW Berlin 1071, DIW Berlin, German Institute for Economic Research.
    4. Amihai GLAZER & Stef PROOST, 2008. "Capital-intensive projects induce more effort than labor-intensive projects," Working Papers Department of Economics ces0831, KU Leuven, Faculty of Economics and Business, Department of Economics.
    5. Obeng, K. & Sakano, R., 2008. "Public transit subsidies, output effect and total factor productivity," Research in Transportation Economics, Elsevier, vol. 23(1), pages 85-98, January.
    6. Obeng, K. & Sakano, R. & Naanwaab, C., 2016. "Understanding overall output efficiency in public transit systems: The roles of input regulations, perceived budget and input subsidies," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 89(C), pages 133-150.
    7. Obeng, K., 2010. "The Deadweight Costs of Public Transit Subsidies," 51st Annual Transportation Research Forum, Arlington, Virginia, March 11-13, 2010 207240, Transportation Research Forum.
    8. Obeng, Kofi, 2010. "The Deadweight Costs of Operating and Capital Subsidies," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 49(1).
    9. Gwilliam, Ken, 2008. "A review of issues in transit economics," Research in Transportation Economics, Elsevier, vol. 23(1), pages 4-22, January.

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