What Type of Public Capital Contributes to Private Production?

Fumitoshi Mizutani and Tomoyasu Tanaka ()

ERSA conference papers from European Regional Science Association

Abstract: The main purpose of this study is to determine whether public capital contributes to productivity growth and, if so, what kind of public capital contributes most. We analyze a dataset of 46 prefectures in Japan over 41 years, from 1955 to 1995, and estimate the production function as the first-differenced form. In the case where analysis was conducted using aggregate public capital, public capital shows a positive contribution to private production. However, we could find no clear productivity effects when using smaller components of public capital. Key Words: Public Capital, Productivity Effect, Infrastructure, Spill-over Effect JEL: Classification H50, H54, R53

Date: 2004-08
New Economics Papers: this item is included in nep-cfn, nep-eff, nep-geo and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa04p316

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