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between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … infrastructure research has developed in isolation from the large literature on economic growth. We develop a neoclassical growth … the empirical importance of public capital accumulation to productivity growth. We find little support for claims of a …
Persistent link: https://www.econbiz.de/10012474091
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts … about the quality and sustainability of this service-sector growth and its implications for economic development. We show …, consistent with the views of the sceptics, that while growth of the sector has been unusually rapid, it started 15 years ago from …
Persistent link: https://www.econbiz.de/10012461900
productivity growth. In an application to India, we find that productivity growth in consumer services such as retail and … growth service led? Or is its expansion a mere corollary of growth, where rising incomes stemming from productivity growth in … goods-producing industries increases the demand for services? To determine whether growth is service led or service biased …
Persistent link: https://www.econbiz.de/10012496104
unappreciated is that accelerated manufacturing growth has also been accompanied by accelerated services growth. Using firm …-level data from India, we find a positive spillover from manufacturing growth to gross value added, wages, employment, and worker … productivity in services, especially large urban firms and in service sectors whose output is used as a manufacturing input …
Persistent link: https://www.econbiz.de/10012458742
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
and R&D capital contribute to productivity growth. However, the magnitudes of their contribution vary considerably across …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 …
Persistent link: https://www.econbiz.de/10012474070
' costs and productivity growth. We find that infrastructure investment does provide a significant direct benefit to … the recent literature on productivity growth. The size of this impact has important implications for policymakers …' decisions to invest in public capital, and productivity analysts' evaluation of productivity growth fluctuations and declines …
Persistent link: https://www.econbiz.de/10012475001
their contributions to growth of labor productivity vary over time as well. Not only is the cost function shifted downward …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 …
Persistent link: https://www.econbiz.de/10012475102
capital on private sector output and productivity growth in Sweden. We do this by specifying and implementing empirically a …Our purpose in this paper is to examine how one might evaluate and measure the contribution of public infrastructure …, we find that increases in public infrastructure capital, ceteris paribus, reduce private sector costs. We compute that …
Persistent link: https://www.econbiz.de/10012475151
labor productivity growth during this period. Offshoring material inputs also has a positive effect on productivity, but the … magnitude is smaller accounting for approximately 5 percent of productivity growth … have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
Persistent link: https://www.econbiz.de/10012466745