Assessing the Role of Infrastructure in France by Means of Regionally Estimated Production Functions

Rémy Prud’homme
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Rémy Prud’homme: Université de Paris XII

Chapter Chapter 3 in Infrastructure and the Complexity of Economic Development, 1996, pp 37-47 from Springer

Abstract: Abstract A number of studies have attempted to utilize production functions to estimate the contribution of infrastructure to economic development. They postulate a relationship of the following type: $$ Y = f(L,K,J) $$ in which Y stands for output, for the entire economy or for a specific sector, for a given year, L for labor; K for the stock of private capital at the beginning of the year; and J for the stock of public capital, i.e., for infrastructure, also at the beginning of the year.

Keywords: Labor Force; Labor Productivity; Spillover Effect; Public Investment; Regional Output (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-3-642-80266-9_3

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