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We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … to variety. Infrastructure alters factor prices, intermediate prices and the allocation of factors across sectors. The … monopoly power influences public capital's productivity effect. We test the model using state-level panel data. We confirm the …
Persistent link: https://www.econbiz.de/10012473575
In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and … productivity performance of twelve two-digit U.S. manufacturing industries. A general framework is developed to measure … contribution of demand, relative input prices, technical change, as well as publicly financed capital on total factor productivity …
Persistent link: https://www.econbiz.de/10012474070
between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … dramatic productivity boost from increased infrastructure outlays. In a specification designed to provide an upper bound for …Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims …
Persistent link: https://www.econbiz.de/10012474091
' costs and productivity growth. We find that infrastructure investment does provide a significant direct benefit to …The impact of public infrastructure investment on the productive performance of firms has been an important focus of … the recent literature on productivity growth. The size of this impact has important implications for policymakers …
Persistent link: https://www.econbiz.de/10012475001
In this paper the authors examine the effects of publicly financed infrastructure and R&D capitals on the cost … structure and productivity performance of twelve two-digit U.S. manufacturing industries. The results suggest that there are … their contributions to growth of labor productivity vary over time as well. Not only is the cost function shifted downward …
Persistent link: https://www.econbiz.de/10012475102
Our purpose in this paper is to examine how one might evaluate and measure the contribution of public infrastructure … capital on private sector output and productivity growth in Sweden. We do this by specifying and implementing empirically a …, we find that increases in public infrastructure capital, ceteris paribus, reduce private sector costs. We compute that …
Persistent link: https://www.econbiz.de/10012475151
The Inca Empire was the last of a long series of highly developed cultures in pre-colonial South America. It stretched across parts of the current territories of Argentina, Bolivia, Chile, Colombia, Ecuador and the whole of Peru. The Inca Road was its 30,000-kilometer-long transportation system....
Persistent link: https://www.econbiz.de/10012599269
Transit infrastructure is a critical asset for economic activity yet costly to build in dense urban environments. We … plausible mechanism for the price gains. Higher prices reflect both higher rents and lower risk. Infrastructure improvements …
Persistent link: https://www.econbiz.de/10012479313
Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …
Persistent link: https://www.econbiz.de/10012482505
, consumption levels, infrastructure, literacy or population density through 2002. This finding suggests that local recovery from …
Persistent link: https://www.econbiz.de/10012466717