Public investment and U.S. productivity change: an evaluation of recent research
Bill Luker, Texas Transportation Institute, Southwest Region University Transportation Center (U.S.), University Transportation Centers Program (U.S.)
Southwest Region University Transportation Center, Texas Transportation Institute, The Texas A&M University System, 1992 - Business & Economics - 78 pages
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aggregate production function American Enterprise Institute analysis Aschauer and Munnell Aschauer's results Baily Bank of Cleveland Brookings Institution capita income causality countercyclical declining Denison Eberts Econometric economic activity economic development Economic Growth economic performance Economic Perspectives Economic Review effect elasticity employment growth energy prices Error Component Model Federal Reserve Bank Fraumeni Garcia-Mila and McGuire Griliches Gross State Product growth and public growth rates Hulten and Schwab infrastructure-productivity investment in public Jorgenson labor productivity level of public macroeconomic Multifactor Productivity output per unit percent increase private capital investment private investment public capital investment public capital stocks public infrastructure investment public investment public-to-private capital rates of productivity ratio of public ratio of public-to-private Regional Economic Regional Science regression reverse causation Review of Economics Schultze Southern Economic Journal spurious correlation statistically significant studies Texas A&M University Texas Transportation Institute total factor productivity unit of capital University Transportation Center