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Author:Kim, S.
Lee, Y.H.
Title:Public Sector Capital and the Production Efficiency of U.S. Regional Manufacturing Industries
Journal:Japanese Economic Review
2002 : DEC, VOL. 53:4, p. 466-477
Index terms:CAPITAL INVESTMENT
PUBLIC SECTOR
EFFICIENCY
INFRASTRUCTURES
MANUFACTURING INDUSTRY
USA
PRODUCTIVITY
STATISTICAL METHODS
PANEL DATA
Language:eng
Abstract:The paper applies a stochastic frontier production model with time-varying technical efficiency to study the relationship between public capital and technical efficiency using panel data for U.S. state manufacturing industries during 1969-86. The authors conclude that for a country to increase its overall production efficiency, more public capital investments could be directed to regions with lower techical efficiency.
SCIMA record nr: 243682
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