Karras, Georgios - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 53 (2007) 1, pp. 71-86
This paper estimates the productivity of government and private employment, and government and private capital for a … panel of 23 OECD economies over the 1960-2004 period. A simple theoretical model shows that government employment and … find that (i) the output elasticity of private employment is six to seven times higher than government employment’s, (ii …