Title

The Productivity Effect of Government Capital in Developing and Industrialized Countries

Document Type

Article

Language

eng

Format of Original

8 p.

Publication Date

7-2000

Publisher

Taylor & Francis (Routledge)

Source Publication

Applied Economics

Source ISSN

0003-6846

Abstract

This paper uses an aggregate production function to examine the effect of government capital formation on growth of labour productivity in an annual panel of 12 developing and 12 OECD economies covering the period 1976–1989. The results from a pooled model of all 24 countries indicate that contribution of government capital to labour productivity is positive and statistically significant. This result also holds in separate samples of the industrialized and developing economies where we find that, while there are productivity differentials between the two types of economies with respect to private capital, there are no differences with regards to public capital.

Comments

Applied Economics, Vol. 32, No. 9 (July 2000): 1181-1188. DOI.

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