Public Capital and Growth

By Serkan Arslanalp, Fabian Bornhorst, S. Gupta, Elsa Sze. Social Science Research Network, 2010

114 citations recorded by the source corpus.

This paper estimates the impact of public capital on economic growth for forty-eight OECD and non-OECD countries during 1960 - 2001. Using the production function and its extensions, it finds a positive - but concave - elasticity of output with respect to public capital, which is robust to changes in time intervals and varying depreciation rates. Furthermore, in non-OECD countries the growth impact of public capital is higher once longer time intervals are considered.

Subfields: Economics and Econometrics, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/e4983c869e3f77db0701a26a324e6d631f5aede8

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Citations in the corpus

Public capital in resource rich economies: is there a curse? (2014, methodology): “Foreign Direct Investments: Net inflow of foreign direct investment as a share of GDP. Source: WDI Online.”
Efficiency-Adjusted Public Capital and Growth (2011, unknown): “…is significant and close to the existing studies Time-varying PIMI: Applying the time-series variation of ICRG Investment Profile to PIMI yields 0.174 as the income share of public capital Depreciation rates: Alternative depreciation rates as discussed in Kamps (2006) and Arslanalp et al (2010)”
Infrastructure and Income Distribution in ASEAN-5: What are the Links? (2013, background): “In other words, the link between investment and accumulation of infrastructure assets is not necessarily strong because spending has to be mediated through institutions and governance, which are often subject to abuse (Agenor 2010).”