Assessing the productivity of public capital with a locational equilibrium model

This paper employs Roback's locational-equilibrium model of public-goods pricing, cross-sectional data from the Census of Population and Housing, and SMSA-level estimates of public capital stocks in order to examine the productive contribution of public capital. I find that public capital has a small positive impact on private output.

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Year of publication:	2000
Authors:	Rudd, Jeremy B.
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Productivity \| Finance \| Public

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Extent:	text/html application/pdf
Series:	Finance and Economics Discussion Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2000-23
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005393921