| dc.creator |
Stephan, Andreas |
|
| dc.date |
2002 |
|
| dc.date.accessioned |
2013-10-16T06:58:03Z |
|
| dc.date.available |
2013-10-16T06:58:03Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/18051 |
|
| dc.identifier |
ppn:36744559X |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/18051 |
|
| dc.description |
Using time-series cross-section data from the manufacturing sector of the 11West 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 cross-section data analysis: serial correlation, groupwise heteroscedasticity, cross-sectional correlation and nonstationarity 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. |
|
| dc.language |
eng |
|
| dc.publisher |
Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
|
| dc.relation |
DIW-Diskussionspapiere 315 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
Infrastruktur |
|
| dc.subject |
Wertschöpfung |
|
| dc.subject |
Privatwirtschaft |
|
| dc.subject |
Verarbeitendes Gewerbe |
|
| dc.subject |
Produktionsfunktion |
|
| dc.subject |
Schätzung |
|
| dc.subject |
Deutschland |
|
| dc.title |
Assessing the contribution of public capital to private production |
|
| dc.type |
doc-type:workingPaper |
|
| dc.coverage |
1970-1996 |
|