Revisiting the Productivity Effects of Public Capital

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101342" target="_blank" >RIV/60460709:41110/24:101342 - isvavai.cz</a>

Výsledek na webu

<a href="https://link.springer.com/article/10.1007/s00181-024-02670-4" target="_blank" >https://link.springer.com/article/10.1007/s00181-024-02670-4</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s00181-024-02670-4" target="_blank" >10.1007/s00181-024-02670-4</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Revisiting the Productivity Effects of Public Capital

Popis výsledku v původním jazyce

We explore various production functions and estimators to examine the productivity effects of public capital using US state-level data from 1986 to 2005. We show how the estimated effects vary with several factors, including the use of flexible nonparametric and semiparametric production functions, the decomposition of the total effect into Hicks-neutral and non-neutral effects, the control of cross-sectional dependence using factor models, and the disaggregation of public capital into its components. In general, we find a positive overall average effect of public capital. However, considerable heterogeneity exists, and incorporating factor models into the production function leads to insignificant public capital effects. We complement our investigation by conducting additional robustness checks on the results.

Název v anglickém jazyce

Revisiting the Productivity Effects of Public Capital

Popis výsledku anglicky

We explore various production functions and estimators to examine the productivity effects of public capital using US state-level data from 1986 to 2005. We show how the estimated effects vary with several factors, including the use of flexible nonparametric and semiparametric production functions, the decomposition of the total effect into Hicks-neutral and non-neutral effects, the control of cross-sectional dependence using factor models, and the disaggregation of public capital into its components. In general, we find a positive overall average effect of public capital. However, considerable heterogeneity exists, and incorporating factor models into the production function leads to insignificant public capital effects. We complement our investigation by conducting additional robustness checks on the results.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Empirical Economics

ISSN

0377-7332

e-ISSN

0377-7332

Svazek periodika

neuvedeno

Číslo periodika v rámci svazku

neuvedeno

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

32

Strana od-do

1-32

Kód UT WoS článku

001344667200001

EID výsledku v databázi Scopus

2-s2.0-85207326161