Contributions of State-Owned Enterprises to the Growth of Total Output
This paper explores the effects of public enterprises on the growth of total output in thirty-seven countries. It uses a variant of the Cobb-Douglas production function to estimate contributions to total output. The object of this approach is to examine an alternative methodology for evaluating issues surrounding the existence of public enterprises. Within the constrains imposed by data availability on public enterprises, I find that evidence of contribution to total output, using the residual analysis method, is not as weak of fragile as previously found. This weakness is found only when the ordinary least squares regression method is used. [L32, O57]
Volume (Year): 12 (1998)
Issue (Month): 4 ()
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