| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3981 |
| 来源ID | Working Paper 3981 |
| State Infrastructure and Productive Performance | |
| Catherine J. Morrison; Amy Ellen Schwartz | |
| 发表日期 | 1992 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | The impact of public infrastructure investment on the productive performance of firms has been an important focus of the recent literature on productivity growth. The size of this impact has important implications for policymakers' decisions to invest in public capital, and productivity analysts' evaluation of productivity growth fluctuations and declines. However, detailed evaluation of the infrastructure impact is difficult using existing studies which rely on restricted models of firms' technology and behavior. In this paper we construct a more complete production theory model of firms' production and input decisions. We then apply our framework to state-level data on the output production and input (capital, nonproduction and production labor and energy) use of manufacturing firms to evaluate the contribution of infrastructure to firms' costs and productivity growth. We find that infrastructure investment does provide a significant direct benefit to manufacturing firms and thus augments productivity growth. We also show, however, that this evidence should be interpreted taking into account the social cost of such capital (which is not reflected in firms' costs), and the indirect impact resulting from scale effects. |
| 主题 | Development and Growth ; Innovation and R& ; D ; Public Economics ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w3981 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561321 |
| 推荐引用方式 GB/T 7714 | Catherine J. Morrison,Amy Ellen Schwartz. State Infrastructure and Productive Performance. 1992. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3981.pdf（381KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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