Public investment and economic growth

Applied Economics

Volumn 35, Issue 5, 2003, Pages 527-540

  Milbourne, R ^a   Otto, G ^b   Voss, G ^c  

^a UNIVERSITY OF TECHNOLOGY SYDNEY   (Australia)

^b UNIVERSITY OF NEW SOUTH WALES   (Australia)

^c UNIVERSITY OF VICTORIA   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; GROWTH DETERMINATION; INVESTMENT; THEORETICAL STUDY;

EID: 0037851055     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/0003684022000015883     Document Type: Article

References (26)

1. Arrow, K. J. and Kurz, M. (1970) Public Investment, the Rate of Return, and Optimal Fiscal Policy, The Johns Hopkins Press, Baltimore.
2. Barro, R. (1991) Economic growth in a cross section of countries, Quarterly Journal of Economics, 106, 407-44.
3. Barro, R. and Lee, J. W. (1996) International measures of schooling years and schooling quality, American Economic Review, Papers and Proceedings, 86, 218-23.
4. Barro, R. and Sala-i-Martin, X. (1999) Economic Growth, The MIT Press, Cambridge, MA.
5. Canning, D. and Fay, M. (1993) The effect of transportation networks on economic growth, Columbia University Department of Economics Discussion Paper.
6. Cho, D. (1996) An alternative interpretation of conditional convergence results, Journal of Money, Credit and Banking, 28, 669-81.
7. Davidson, R. and MacKinnon, J. G. (1981) Several tests for model specification in the presence of alternative hypothesis, Econometrica, 49, 781-93.
8. Davidson, R. and MacKinnon, J. G. (1993) Estimation and Inference in Econometrics, Oxford University Press, Oxford.
9. De Long, J. B. and Summers, L. H. (1991) Equipment investment and economic growth, Quarterly Journal of Economics, 106, 445-502.
10. Devarajan, S., Swaroop, V. and Zou, H. (1996) The composition of public expenditure and economic growth, Journal of Monetary Economics, 37, 313-44.
11. Easterly, W. and Rebelo, S. (1993) Fiscal policy and economic growth, Journal of Monetary Economics, 32, 417-58.
12. Gramlich, E. M. (1994) Infrastructure investment: a review essay, Journal of Economic Literature, 32, 1176-96.
13. Hausman, J. A. (1978) Specification tests in econometrics, Econometrica, 46, 1251-72.
14. Knowles, S. and Owen, P. D. (1997) Education and health in an effective-labour empirical growth model, The Economic Record, 73, 314-28.
15. MacKinnon, J. G. and White, H. (1985) Some heteroskedasticity consistent covariance matrix estimators with improved finite sample properties, Journal of Econometrics, 29, 305-25.
16. Mankiw, N. G., Romer, D. and Weil, D. N. (1992) A contribution to the empirics of economic growth, Quarterly Journal of Economics, 107, 407-37.
17. Mauro, P. (1995) Corruption and growth, Quarterly Journal of Economics, 110, 681-712.
18. Nonneman, W. and VanHoudt, P. (1996) A further augmentation of the Solow model and the empirics of economic growth for OECD countries, Quarterly Journal of Economics, 111, 943-53.
19. Prichett, L. (1996) Mind your p's and q's: the cost of public investment is not the value of public capital, World Bank Working Paper 1660.
20. Sargan, J. D. (1964) Wages and prices in the United Kingdom: a study in econometric methodology in Econometric Analysis for National Economic Planning (Eds) P. E. Hart, E. Mills, and J. K. Whitaker, Butterworth, London.
21. Shea, J. (1996) Instrument relevance in multivariate linear models: a simple measure, Review of Economics and Statistics, 79, 348-52.
22. Summers, R. and Heston, A. (1988) A new set of international comparisons of real product and price level estimates for 130 countries, 1950-1985, Review of Income and Wealth, 34, 125.
23. Summers, R. and Heston, A. (1991) The Penn World table (Mark 5): an expanded set of international comparisons, 1950-1988, Quarterly Journal of Economics, 106, 327-68.
24. Temple, J. (1998a) Equipment investment and the Solow model, Oxford Economic Papers, 50, 39-62.
25. Temple, J. (1998b) Robustness tests of the augmented Solow model, Journal of Applied Econometrics, 13, 361-75.
26. White, H. (1980) A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity, Econometrica, 48, 817-38.