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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 … effect on manufacturing or aggregate output, however, is indeterminate. In particular, our theory suggests that the degree of …
Persistent link: https://www.econbiz.de/10013222910
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/10013216117
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/10013236700
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/10013243379
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/10014157865
' 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/10013227211
existing paved road network is expanded significantly? We investigate this question for the case of Turkey, which undertook a … large-scale public investment in roads during the 2000s. Using spatially disaggregated data on road upgrades and domestic …
Persistent link: https://www.econbiz.de/10014356796
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10013130964
trade shifts the distribution towards higher average productivity due to entry and exit of firms. These models ignore the … assumption, produce in their 'birth nation.' We show that when firms are allowed to switch locations, new productivity effects … reinforces the big-nation productivity gain while reducing or even reversing the small-nation productivity gain. The small nation …
Persistent link: https://www.econbiz.de/10013131680
. The implications of the theory both for measurement and government policy are examined …
Persistent link: https://www.econbiz.de/10013135410