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| Author: | Vijverberg, W. Vijverberg, C. Gamble, J. |
| Title: | Public capital and private productivity |
| Journal: | Review of Economics and Statistics
1997 : MAY, VOL. 79:2, p. 267-278 |
| Index terms: | STATISTICS PRODUCTIVITY ECONOMICS |
| Language: | eng |
| Abstract: | This paper uses three different approaches to investigate whether the declining provision of public capital is a major cause of declining labor productivity. The juxtaposition of approaches removes the variability in estimates due to dissimilar variable definitions and econometric methodologies. Estimates are based on U.S. time-series data and are evaluated by the implied elasticities of substitution, the prediction of labor productivity trends, and the impact of public capital on productivity. |
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