Infrastructure's Contribution to Aggregate Output
Infrastructure's Contribution to Aggregate Output
复制标题
基础设施对总产出的贡献
DOI：
10.1596/1813-9450-2246
复制
发表时间：
1999
期刊：
影响因子：
--
通讯作者：
D. Canning
中科院分区：
文献类型：
--
作者：
D. Canning
使用横截面国家的面板数据，作者估计了包括基础设施资本在内的总生产函数。他发现：1)物质资本和人力资本的生产率接近微观经济学证据对其私人回报的预测水平。2)发电能力和交通网络与资本整体的边际生产率大致相同。3)电话网络表现出比其他类型资本更高的边际生产率。估计中使用的面板数据协整方法考虑到了数据的非平稳性质，对反向因果关系具有很强的稳健性，并考虑到各国不同的生产率水平和不同的短期商业周期和乘数关系。
Using panel data for a cross-section of countries, the author estimates an aggregate production function that includes infrastructure capital. He finds that: 1) The productivity of physical and human capital is close to the levels suggested by microeconomic evidence on their private returns. 2) Electricity generating capacity and transportation networks have roughly the same marginal productivity as capital as a whole. 3) Telephone networks appear to show higher marginal productivity than other types of capital. Panel data co-integration methods used in estimation take account of the non-stationary nature of the data, are robust to reverse causation, and allow for different levels of productivity and different short-run business-cycle and multiplier relationships across countries.
DOI：
10.2139/ssrn.3595
发表时间：
1998-03
期刊：
Macroeconomics eJournal
影响因子：
--
作者：
R. Hall;C. I. Jones
通讯作者：
R. Hall;C. I. Jones