Detail Public Capital and Total Factor Productivity   Oleh:  Richmond, J. ; Lynde, Catherine Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 2 (1993), page 401-414. Topik: capital; public capital; productivity Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper examines the impact of the stock of public capital on output levels and productivity growth rates in the U. S. The analysis is based on the estimation of parameters in a translog profit function. Prices of intermediate goods are introduced into a quasiproduction function for value - added. Recently developed econometric techniques for dealing with nonstationary time series are used in the estimation. We find that the services of public capital are an important part of the production process, and that about 40 percent of the productivity decline is explained by a fall in the public capital - labor ratio. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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