IDEAS home Printed from https://ideas.repec.org/a/kea/keappr/ker-199712-13-2-11.html
   My bibliography  Save this article

Estimating the Contribution of Disaggregated Public Capital to Productivity in Each Industry

Author

Listed:
  • Dong Ki Min

    (Cornell University)

Abstract

Previous tests of the effect of public capital on multifactor productivity using Solow's growth accounting technique yield differing estimates of this relationship. This paper reconciles these results and shows why they differ. I highlight the pas-sible problems when Solow's technique is used in empirical work and the prob-lems with previous works. To solve these problems, the paper uses the Malmquist Index to estimate multifactor productivity growth and shows a method to disaggregate this growth which, in turn, I use to estimate the output elasticity of public capital My results show than contrary to recent work, the effect of public capital on output is positive and significant However, the effect of disaggregated public capital on each industry is smaller compared to its effect on total industry. The paper finds that the magnitude of this effect of each type of public capital varies across the different types of public capital.

Suggested Citation

  • Dong Ki Min, 1997. "Estimating the Contribution of Disaggregated Public Capital to Productivity in Each Industry," Korean Economic Review, Korean Economic Association, vol. 13(2), pages 179-192.
    • Handle: RePEc:kea:keappr:ker-199712-13-2-11
    as

    Download full text from publisher

    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-199712-13-2-11.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Public Capital; Productivity; Multifactor;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kea:keappr:ker-199712-13-2-11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: KEA (email available below). General contact details of provider: https://edirc.repec.org/data/keaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.