Public Capital and Growth
35 Pages Posted: 4 Aug 2010
Date Written: July 2010
Abstract
This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to changes in time intervals and varying depreciation rates. Furthermore, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered.
Keywords: Capital, Cross country analysis, Economic growth, Economic models, Public investment
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001
-
New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001
-
Public Capital and Output Growth in Portugal: An Empirical Analysis
-
New Estimates of State and Local Government Tangible Capital and Net Investment
By Michael J. Boskin, Marc Robinson, ...
-
Efficient Likelihood Inference in Nonstationary Univariate Models
-
Is All Government Capital Productive?
By Mary G. Finn
-
By Ramazan Gencay and Yanqin Fan
-
Wavelet-Based Testing for Serial Correlation of Unknown Form in Panel Models
By Yongmiao Hong and Chihwa Kao