Public Capital and Total Factor Productivity. New Evidence from the Italian Regions

Sergio Destefanis and Vania Sena ()
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Vania Sena: AIM Advanced Institute of Management Research

CELPE Discussion Papers from CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy

Abstract: This paper analyses the relationship between industrial total factor productivity and public capital across the 20 Italian administrative regions. We add upon the existing literature in a number of ways: we allow for the role of human capital accumulation; we test for the existence of a long-run relationship adopting panel techniques (Im et al., 2001; Pedroni, 1997, 1999) and assess explicitly the direction of the long-run forcing relationship; we test the significance of public capital within a non-parametric set-up based on the Free Disposal Hull. The results show that public capital has a significant impact on the evolution of total factor productivity in the Southern regions, while this is not true in most of the Northern regions. Also, this impact is to be mainly ascribed to the so-called core infrastructures (road and airports, harbours, railroads, water and electricity, telecommunications).

Keywords: total factor productivity; public capital accumulation; long-run relationship; non-parametric frontiers (search for similar items in EconPapers)
JEL-codes: C10 O14 O18 (search for similar items in EconPapers)
Date: 2003-07
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Citations: View citations in EconPapers (2)

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