Publication
Title
Are public and private outlays for physical and knowledge capital accumulation equally productive?
Author
Abstract
This paper aims at obtaining empirically tentative answers to at least two questions of importance in the macroeconomic literature: (1) to what degree are private and public investment in physical and knowledge capital productive and what is their role in longer-term movements in aggregate productivity growth? and (2) does increasing the number of capital components in neoclassical growth regressions drive the share of 'broad' capital up to one as suggested by new growth theory? We will therefore rely on specifications derived from a generalized neoclassical growth model, which are in fact very well reconcilable with the equilibrium approach in the public economics literature.
Language
English
Source (journal)
Applied economics. - Oxford
Publication
Oxford : 1999
ISSN
0003-6846
Volume/pages
31:11(1999), p. 1401-1410
ISI
000083489900012
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 03.01.2013
Last edited 09.06.2017
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