This study estimates the productivity of public capital by constructing the public capital stock of 214 prefectures in … aggregate output in the whole economy, specifically in the secondary and tertiary sectors. Such growth mainly comes from the … increased labor supply and reduced labor costs and, hence, more firms emerge. At the disaggregate level, the growth of …

Empirical explorations of the growth and aggregate productivity impacts of infrastructure have been characterized by … manufacturing over the 1970-2000 period, and a range of 19 infrastructure measures, explores the question of infrastructure … the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only …

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 …

Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous … infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence … indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities …

To analyze the effect of an increase in the quantity or quality of public investment on growth, this paper extends the … World Bank's Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the … former adjusted for its quality. The paper presents the Long-Term Growth Model Public Capital Extension (LTGM-PC) and …