Alexandru Minea

CERDI, University of Auvergne

France

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Alexandru Minea created these companion sites

Appendices for the article "Is Public Capital Really Productive? A Methodological Reappraisal"
Abstract
We present an evaluation of the main empirical approaches used in the literature to estimate the contribution of public capital stock to growth and private factors’ productivity. Based on a simple stochastic general equilibrium model, built as to reproduce the main long-run relations observed in US post-war historical data, we show that the production function approach may not be reliable to estimate this contribution. Our analysis reveals that this approach largely overestimates the public capital elasticity, given the presence of a common stochastic trend shared by all non-stationary inputs.
Hurlin, C., and A. Minea, "Appendices for the article "Is Public Capital Really Productive? A Methodological Reappraisal" ", Université d'Orléans.
Authors: Hurlin
Minea
Coders: Hurlin
Minea
Last update
09/26/2012
Ranking
21
Runs
N.A.
Visits
28
Is Public Capital Really Productive? A Methodological Reappraisal
Abstract
We present an evaluation of the main empirical approaches used in the literature to estimate the contribution of public capital stock to growth and private factors' productivity. Based on a simple stochastic general equilibrium model, built as to reproduce the main long-run relations observed in US post-war historical data, we show that the production function approach may not be reliable to estimate this contribution. Our analysis reveals that this approach largely overestimates the public capital elasticity, given the presence of a common stochastic trend shared by all non-stationary inputs.
Minea, A., and C. Hurlin, "Is Public Capital Really Productive? A Methodological Reappraisal", University of Orleans.
Authors: Minea
Hurlin
Coders: Minea
Hurlin
Last update
09/10/2012
Ranking
43
Runs
3
Visits
42