Articlegold1991

Public Capital and Private Sector Performance

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Fiscal Policy and Economic Growth Economic Growth and Productivity Economic Policies and Impacts

Abstract

John A. Tatom examines the production function estimates that provide the underpinning for these arguments. The author shows that simply accounting for the influence of energy price movements on productivity and for the slowing trend rate of technological change in the typical production function framework reduces recent estimates of public capital's effect on private sector output by more than half.

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References

1987Co-Integration and Error Correction: Representation, Estimation, and Testing 1988Statistical analysis of cointegration vectors 1991Co-integration and Error Correction: Representation, Estimation, and Testing 1990Why has productivity growth declined? Productivity and public investment 2003Spurious Regressions in Econometrics 1989The Full Information Maximum Likelihood Procedure for Inference on Cointegration - with Applications

Cited by

1991Measuring the Contribution of Public Infrastructure Capital in Sweden 2000Intertemporal Output and Employment Effects of Public Infrastructure Capital: Evidence from 12 OECD Economies 2004The sources of economic growth in OECD countries 2001Economic Growth: The Role of Policies and Institutions. Panel Data Evidence from OECD Countries 1995The composition of government expenditure and its consequences for macroeconomic performance∗2003The regional allocation of infrastructure investment: The role of equity, efficiency and political factors 1994Is government capital productive? Evidence from a panel of seven countries 2014Efficiency-Adjusted Public Capital and Growth

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