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Efficiency of Disaggregate Public Capital Provision in Japan

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  • Toshihiro Ihori

    (Faculty of Economics, University of Tokyo)

  • Hiroki Kondo

    (Department of Economics, Shinshu University)

Abstract

We investigate the efficiency of disaggregated public capital provision for the Japanese economy. We estimate the optimality conditions based on simultaneous Euler equations by using GMM. Our results suggest that public capital productivities have been relatively high and divergent among several public capital goods. The allocation of public works is not optimal yet in Japan.

Suggested Citation

  • Toshihiro Ihori & Hiroki Kondo, 2000. "Efficiency of Disaggregate Public Capital Provision in Japan," CIRJE F-Series CIRJE-F-75, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:fseres:2000cf75
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    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2000/2000cf75.pdf
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    References listed on IDEAS

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