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Assessing the Contribution of Public Capital to Private Production: Evidence from the German Manufacturing Sector
DIW Berlin, German.ORCID iD: 0000-0001-5776-9396
2003 (English)In: International review of applied economics, ISSN 0269-2171, E-ISSN 1465-3486, Vol. 17, no 4, p. 399-418Article in journal (Refereed) Published
Abstract [en]

Using time-series cross-section data from the manufacturing sector of the 11 West German 'Bundesländer' (Federal States) from 1970 to 1996, I examine the impact of public capital on private production. My econometric analysis explicitly takes into account four of the most frequent specification issues in the context of time-series crosssection data analysis: serial correlation, groupwise heteroscedasticity, cross-sectional correlation and non-stationarity of data. For all approaches and tested specifications, I find that public capital is a significant input for production in the manufacturing sector. Moreover, I find that differences in public capital endowment can explain long-term differences in productivity across the Bundesländer. One tentative conclusion that can be drawn from this finding is that differences in public capital endowment might also explain a part of the still-existing productivity gap between manufacturing in East and West Germany. However, I emphasise that the existence of positive effects of public capital on private production is a necessary, but not a sufficient condition for concluding that public investments should be boosted in the future.

Place, publisher, year, edition, pages
Routledge, 2003. Vol. 17, no 4, p. 399-418
Keywords [en]
Economics, Nationalekonomi
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-108015DOI: 10.1080/0269217032000118747OAI: oai:DiVA.org:lnu-108015DiVA, id: diva2:1611165
Available from: 2021-11-13 Created: 2021-11-13 Last updated: 2021-12-07Bibliographically approved

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Stephan, Andreas

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  • de-DE
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