Review of literature on the productivity of public capital

Pellervo Hamalainen
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Pellervo Hamalainen: Department of Economics, University of Turku, FINLAND

No 55, Discussion Papers from Aboa Centre for Economics

Abstract: This paper summarizes previous results on the productivity of public capital. In recent literature, Aschauer's (1989) estimate for the productivity of public capital is often considered too high and the size of the effect is still open to debate. However, the positive effect of public capital on the productivity of the private sector is quite widely accepted.

Keywords: Public capital; public investments; productivity (search for similar items in EconPapers)
JEL-codes: H11 H54 (search for similar items in EconPapers)
Pages: 19
Date: 2009-10
New Economics Papers: this item is included in nep-eff and nep-pbe
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