WHAT HAVE WE LEARNED FROM THREE DECADES OF RESEARCH ON THE PRODUCTIVITY OF PUBLIC CAPITAL?

The last three decades have witnessed a great deal of research effort devoted to measuring the private output elasticity of public capital. The wide range of available estimates have precluded any consensus so far, however. This paper reconciles the empirical findings of the literature by quantitati...

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Bibliographic Details
Published in:Journal of economic surveys 2014-12, Vol.28 (5), p.889-916
Main Authors: Bom, Pedro R.D., Ligthart, Jenny E.
Format: Article
Language:English
Subjects:
Capital
Central government
Economic theory
Elasticity
Elasticity of substitution
Empirical research
Global economy
Infrastructure
International
Meta-analysis
Output
Productivity
Public capital
Public investment
Publication bias
Regression analysis
Studies
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