Roads to prosperity? Assessing the link between public capital and productivity

American Economic Review

Volumn 89, Issue 3, 1999, Pages 619-638

  Fernald, John G ^a  

^a FEDERAL RESERVE BOARD   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001244207     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.89.3.619     Document Type: Article

References (34)

1. Aaron, Henry J. "Discussion," in Alicia H. Munnell, ed., Is there a shortfall in public capital investment? Boston, MA: Federal Reserve Bank of Boston, 1990, pp. 51-63.
2. Aschauer, David A. "Is Public Expenditure Productive?" Journal of Monetary Economics, March 1989, 23(2), pp. 177-200.
3. _. "Why Is Infrastructure Important?" in Alicia H. Munnell, ed., Is there a shortfall in public capital investment? Boston, MA: Federal Reserve Bank of Boston, 1990, pp. 21-50.
4. Barro, Robert J. and Sala-i-Martin, Xavier. Economic growth. New York: McGraw-Hill, 1995.
5. Basu, Susanto and Fernald, John G. "Are Apparent Productive Spillovers a Figment of Specification Error?" Journal of Monetary Economics, August 1995, 36(1), pp. 165-88.
6. _. "Returns to Scale in U.S. Production: Estimates and Implications." Journal of Political Economy, April 1997, 705(2), pp. 249-83.
7. Basu, Susanto and Kimball, Miles S. "Cyclical Productivity with Unobserved Input Variation." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 5915, February 1997.
8. Berndt, Ernst R. and Hansson, Bengt. "Measuring the Contribution of Public Infrastructure Capital in Sweden." Scandinavian Journal of Economics, 1992, Supp., 94, pp. 151-68.
9. Boskin, Michael J.; Robinson, Marc S. and Huber, Alan M. "Government Saving, Capital Formation, and Wealth in the United States, 1947-85," in Robert E. Lipsey and Helen S. Tice, eds., The measurement of saving, investment, and wealth. Chicago: University of Chicago Press, 1989, pp. 287-353.
10. Federal Highway Administration. Highway statistics. Washington, DC: U.S. Government Printing Office, various years.
11. Ford, Robert and Poret, Pierre. "Infrastructure and Private-Sector Productivity." OECD Economic Studies, Autumn 1991, (17), pp. 63-89.
12. Fraumeni, Barbara M. "Measuring Public Capital Stock for Productivity Analysis: The Case of Highway Capital Stock." Working paper, Northeastern University, 1998.
13. Gramlich, Edward M. "Infrastructure Investment: A Review Essay." Journal of Economic Literature, September 1994, 32(3), pp. 1176-96.
14. Griliches, Zvi. "Productivity, R&D, and the Data Constraint." American Economic Review, March 1994, 84(1), pp. 1-23.
15. Hall, Robert E. "Invariance Properties of Solow's Productivity Residual," in Peter Diamond, ed., Growth/productivity/unemployment: Essays to celebrate Bob Solow's birthday. Cambridge, MA: MIT Press, 1990, pp. 71-112.
16. Hall, Robert E. and Jorgenson, Dale W. "Tax Policy and Investment Behavior." American Economic Review, June 1967, 57(3), pp. 391-414.
17. Holtz-Eakin, Douglas. "State-Specific Estimates of State and Local Government Capital." Regional Science and Urban Economics, April 1993, 23(2), pp. 185-209.
18. _. "Public-Sector Capital and the Productivity Puzzle." Review of Economics and Statistics, February 1994, 76(1), pp. 12-21.
19. Hulten, Charles R. "Optimal Growth with Infrastructure Capital: Theory and Implications for Empirical Modeling." Working paper, University of Maryland, 1994.
20. Hulten, Charles R. and Schwab, Robert M. "Public Capital Formation and the Growth of Regional Manufacturing Industries." National Tax Journal, December 1991, Pt. 2, 44(4), pp. 121-34.
21. Hulten, Charles R. and Wykoff, Frank C. "The Measurement of Economic Depreciation," in Charles R. Hulten, ed., Depreciation, inflation, and the taxation of income from capital. Washington, DC: Urban Institute Press, 1981, pp. 81-125.
22. Jorgenson, Dale W.; Gollop, Frank M. and Fraumeni, Barbara M. Productivity and U.S. economic growth. Cambridge, MA: Harvard University Press, 1987.
23. Jorgenson, Dale W. and Yun, Kun-Young. Tax reform and the cost of capital. Oxford: Clarendon Press, 1991.
24. Kocherlakota, Narayana R. and Yi, Kei-Mu. "A Simple Time Series Test of Endogenous vs. Exogenous Growth Models: An Application to the United States." Review of Economics and Statistics, February 1996, 78(1), pp. 126-34.
25. Mankiw, N. Gregory. "The Optimal Underprovision of Public Goods." Working paper, Harvard University, 1992.
26. Morrison, Catherine J. and Schwartz, Amy Ellen. "State Infrastructure and Productive Performance." American Economic Review, December 1996, 86(5), pp. 1095-111.
27. Munnell, Alicia H. "How Does Public Infrastructure Affect Regional Economic Performance?" in Alicia H. Munnell, ed., Is there a shortfall in public capital investment? Boston, MA: Federal Reserve Bank of Boston, 1990, pp. 69-103.
28. Nadiri, M. Ishaq and Mamuneas, Theofanis P. "The Effects of Public Infrastructure and R&D Capital on the Cost Structure and Performance of U.S. Manufacturing Industries." Review of Economics and Statistics, February 1994, 76(1), pp. 22-37.
29. Sturm, Jan E. and de Haan, Jakob. "Is Public Expenditure Really Productive?" Economic Modelling, January 1995, 12(1), pp. 60-72.
30. U.S. Congressional Budget Office. How federal spending for infrastructure and other investments affects the economy. Washington, DC: U.S. Government Printing Office, 1991.
31. U.S. Department of Commerce, Bureau of Economic Analysis. Fixed reproducible tangible wealth in the United States, 1929-1989. Washington, DC: U.S. Government Printing Office, 1993.
32. _. "Wealth." Data Diskettes, 1995.
33. _. "Gross State Product by Industry, 1977-94." Data Diskettes, 1996.
34. Wolff, Edward N. "The Productivity Slowdown: The Culprit at Last? Follow-Up on Hulten and Wolff." American Economic Review, December 1996, 86(5), pp. 1239-52.