Review of literature on the productivity of public capital

This paper summarizes previous results on the productivity of public capital. In recent literature, Aschauer's (1989) estimate for the productivity of public capital is often considered too high and the size of the effect is still open to debate. However, the positive effect of public capital on the productivity of the private sector is quite widely accepted.

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Year of publication:	2009
Authors:	Hamalainen, Pellervo
Publisher:	Turku : Aboa Centre for Economics (ACE)
Subject:	Public capital \| public investments \| productivity

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Series:	Discussion paper ; 55
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/233271 [Handle] RePEc:tkk:dpaper:dp55 [RePEc]
Classification:	H11 - Structure, Scope, and Performance of Government ; H54 - Infrastructures; Other Public Investment and Capital Stock
Source:	EconStor

Persistent link: https://www.econbiz.de/10012503009