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Public Infrastructure and Private Sector Productivity, Tasmania 1990-2015

Author

Listed:
  • Serguei, MIKHAILITCHENKO

    (Holmes Institute, Brisbane (AUSTRALIA))

Abstract

The study utilises the recent advances in development of capital stock data at subnational level for Australian states and applies the series for analysis of the effect of the public infrastructure on the private sector productivity in Tasmania. The study employs a version of an aggregate production function to estimate the elasticity of private capital productivity with respect to the public infrastructure. The results of analysis indicate that, in the long run, contrary to the expectations, the public infrastructure contributes negatively to the private sector productivity in Tasmania. There is also some evidence that Tasmanian government is engaged in countercyclical public investment activities.

Suggested Citation

  • Serguei, MIKHAILITCHENKO, 2018. "Public Infrastructure and Private Sector Productivity, Tasmania 1990-2015," Journal of Economic and Social Development, Clinical Journals Press, vol. 5(01), pages 01-10, March.
    • Handle: RePEc:ris:joeasd:0111
    as

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    References listed on IDEAS

    as
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    4. Morrison, Catherine J & Schwartz, Amy Ellen, 1996. "State Infrastructure and Productive Performance," American Economic Review, American Economic Association, vol. 86(5), pages 1095-1111, December.
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    6. Pellervo Hämäläinen & Tuomas Malinen, 2011. "The relationship between regional value-added and public capital in Finland: what do the new panel econometric techniques tell us?," Empirical Economics, Springer, vol. 40(1), pages 237-252, February.
    7. Otto, Glenn & Voss, Graham, 1996. "Public Capital and Private Production in Australia," MPRA Paper 52110, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public capital stock; multifactor productivity; Australia;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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