Public Capital in the Private Sector of Italian Economy

Salvatore Amico Roxas, Antonio Cristofaro and Giuseppe Piroli

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: This paper investigates how the services of public capital affect the different sectors of private economy in Italy. For this purpose, we use a trans-logarithmic cost function which includes infrastructure’s services as a quasi-fixed free input. This approach allows to measure the effects of public capital in terms of cost reduction, productivity and distortion in the use of private inputs of production. We find that that the effects vary across industries and that major benefits are observed in Manufacturing and Energy. The sectors that obtain less benefits are Trade and Transport.

Keywords: Public capital; economic sectors; SURE. (search for similar items in EconPapers)
JEL-codes: C21 H54 R11 R15 (search for similar items in EconPapers)
Date: 2012-11-19
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Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2012_19

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