Efficiency of Disaggregate Public Capital Provision in Japan

Toshihiro Ihori and Hiroki Kondo
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Toshihiro Ihori: Faculty of Economics, University of Tokyo
Hiroki Kondo: Department of Economics, Shinshu University

No CIRJE-F-75, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

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.

Pages: 25 pages
Date: 2000-06
New Economics Papers: this item is included in nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2000cf75

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