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PRODUCTIVITY EFFECTS OF PUBLIC CAPITAL MAINTENANCE: EVIDENCE FROM U.S. STATES.
- Source :
-
Economic Inquiry . Jan2015, Vol. 53 Issue 1, p72-90. 19p. 6 Charts, 1 Graph, 1 Map. - Publication Year :
- 2015
-
Abstract
- This article assesses the productivity effects of infrastructure operation and maintenance (O&M) spending by state and local governments in the 48 contiguous U.S. states over the period 1978-2000. We explicitly account for transboundary spillovers of capital and O&M spending and follow a semiparametric methodology that allows us to estimate state-specific output elasticities. We find strong evidence that in all 48 states the cross-state spillover effects of O&M outlays on productivity exceed their within-state impacts and are substantially higher than the spillover effects of capital expenditure. ( JEL C14, E22, E62, H76, O11, O47, R11) [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00952583
- Volume :
- 53
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Economic Inquiry
- Publication Type :
- Academic Journal
- Accession number :
- 99542678
- Full Text :
- https://doi.org/10.1111/ecin.12136