A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Productivity effects and determinants of public infrastructure investment
Abstract This study aims to investigate three important issues whether or not public infrastructure contributes to production in the private sector, whether or not political economy factors such as political situation affect the allocation of public infrastructure investment, and what the government’s investment behavior is. We estimate simultaneous equations by using a panel data set of 46 prefectures in Japan for five-time periods from 1975 to 1990. We conclude the following: (1) public capital contributes to productivity, (2) the investment behavior of both governments is efficiency-oriented for private productivity and for the capital stock level, (3) a substitute of public capital investment between the national and prefectural governments can be found, (4) there is a clear political factor in the national government’s public investment function, and (5) the availability of national government grants for the construction of infrastructure boosts investment among prefectural governments.
Productivity effects and determinants of public infrastructure investment
Abstract This study aims to investigate three important issues whether or not public infrastructure contributes to production in the private sector, whether or not political economy factors such as political situation affect the allocation of public infrastructure investment, and what the government’s investment behavior is. We estimate simultaneous equations by using a panel data set of 46 prefectures in Japan for five-time periods from 1975 to 1990. We conclude the following: (1) public capital contributes to productivity, (2) the investment behavior of both governments is efficiency-oriented for private productivity and for the capital stock level, (3) a substitute of public capital investment between the national and prefectural governments can be found, (4) there is a clear political factor in the national government’s public investment function, and (5) the availability of national government grants for the construction of infrastructure boosts investment among prefectural governments.
Productivity effects and determinants of public infrastructure investment
Mizutani, Fumitoshi (author) / Tanaka, Tomoyasu (author)
2008
Article (Journal)
Electronic Resource
English
BKL:
83.64$jRegionalwirtschaft
/
74.12
Stadtgeographie, Siedlungsgeographie
/
38.00$jGeowissenschaften: Allgemeines
/
38.00
Geowissenschaften: Allgemeines
/
83.64
Regionalwirtschaft
/
74.12$jStadtgeographie$jSiedlungsgeographie
RVK:
ELIB39
/
ELIB18
/
ELIB45
Local classification FBW:
oek 4450
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