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The Productivity of Public Capital: A Meta-analysis

In: Infrastructure Productivity Evaluation

Author

Listed:
  • Jenny E. Ligthart

    (Tilburg University)

  • Rosa M. Martin Suárez

Abstract

The paper measures the contribution of public capital to private output using a simple meta-analysis and a meta-regression analysis based on panel data. We find an output elasticity of public capital of 0.14 in the random effects model, which is substantially smaller than the simple arithmetic average value of 0.20. Reported estimates of the output elasticity of public capital show considerable heterogeneity. We identify the type of public capital, the level of aggregation of the public capital data, the country type, the econometric specification, and publication bias as sources of variation.

Suggested Citation

  • Jenny E. Ligthart & Rosa M. Martin Suárez, 2011. "The Productivity of Public Capital: A Meta-analysis," SpringerBriefs in Economics, in: Wouter Jonkhoff & Walter Manshanden (ed.), Infrastructure Productivity Evaluation, chapter 0, pages 5-32, Springer.
    • Handle: RePEc:spr:spbchp:978-1-4419-8101-1_2
    DOI: 10.1007/978-1-4419-8101-1_2
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    Cited by:

    1. Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
    2. Andersson, Matts & Dehlin, Fredrik & Jörgensen, Peter & Pädam, Sirje, 2015. "Wider economic impacts of accessibility: a literature survey," Working papers in Transport Economics 2015:14, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    3. Phillip Anthony O’Hara, 2011. "International Subprime Crisis and Recession: Emerging Macroprudential, Monetary, Fiscal and Global Governance," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(1), pages 1-17, March.
    4. Juan A. Núñez-Serrano & Francisco J. Velázquez, 2017. "Is Public Capital Productive? Evidence from a Meta-analysis," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(2), pages 313-345.

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