The Productive Effects of Public Infrastructure: What Do the Data Say?

No Thumbnail Available
File version
Author(s)
Makin, Tony
Paul, Satya
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
2003
Size
File type(s)
Location
License
Abstract

This paper provides an overview of the current debate on the effects of public infrastructure on productivity. The early aggregate studies based on restrictive functional forms of production functions provide controversial estimates of the impact of public infrastructure on economic growth and productivity. Recent studies that have been based on flexible models of cost or profit functions and use disaggregated data find that public capital contributes significantly to productivity growth. The rates of returns to public capital are quite high. It seems that public capital is less than optimal on most of the economies and this calls for further public investment in infrastructure. There is also a scope for private investment in some infrastructure projects. The forms of infrastructure projects, where private firms would like to invest, may vary from economy to economy depending of their circumstances.

Journal Title

International Journal of Applied Business and Economic Research

Conference Title
Book Title
Edition
Volume

1

Issue

2

Thesis Type
Degree Program
School
DOI
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject

Business and Management not elsewhere classified

Economics

Commerce, Management, Tourism and Services

Persistent link to this record
Citation
Collections