The effects of public capital on the growth in Spanish productivity

被引：11
|
作者：
Fernández, M
Montuenga-Gómez, VM
机构：
[1] Univ Santiago de Compostela, Dept Fundamentos Analise Econ, Fac Ciencias Econ & Empresariais, Santiago De Compostela 15704, La Coruna, Spain
[2] Univ La Rioja, Dept Econ & Empresa, Logrono 26004, La Rioja, Spain
来源：
CONTEMPORARY ECONOMIC POLICY | 2003年 / 21卷 / 03期
关键词：
D O I：
10.1093/cep/byg019
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of the article is to provide new evidence concerning the effect of public capital on productivity growth in Spain. To this end, the article follows the growth accounting approach, which, in addition to measuring both the direct and indirect effects of public capital on the total factor productivity, allows for assessing whether there is a distinctive impact of public capital across economic sectors. The results lead to three main conclusions: (1) Public capital has a strong influence on growth when we use data from the whole-economy; (2) this influence varies across sectors, being more relevant in the exposed sectors (industry) than in sheltered sectors (agriculture, construction, and services); and (3) irrespective of the definition used for public capital, these basic results remain unchanged.
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页码：383 / 393
页数：11
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