EMPIRICAL IMPACT OF PUBLIC INFRASTRUCTURE ON THE JAPANESE ECONOMY

被引:10
|
作者
Annala, Christopher N. [1 ]
Batina, Raymond G. [2 ]
Feehan, James P. [3 ]
机构
[1] SUNY Coll Geneseo, Geneseo, NY 14454 USA
[2] Washington State Univ, Pullman, WA 99164 USA
[3] Mem Univ Newfoundland, St John, NF A1C 5S7, Canada
关键词
H41; H50; H54; R50;
D O I
10.1111/j.1468-5876.2008.00427.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the impact of public capital investment on individual sectors of the Japanese economy using time-series data for the period of 1970-1998. We employ a production function approach and also estimate a dynamic VAR/ECM model. We find significant differences in the employment effects, output effects and private investment effects across sectors. Public capital investment has a positive effect on employment in the finance, insurance and real estate (FIRE), manufacturing, construction and utilities sectors; on private investment in the FIRE, agriculture, transportation, trade and services sectors; and on output in the mining, FIRE, trade and manufacturing sectors.
引用
收藏
页码:419 / 437
页数:19
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