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Capital formation in transport infrastructure in New Zealand to 1950
Author(s) -
Mulcare Tim
Publication year - 1996
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/aehr.362004
Subject(s) - series (stratigraphy) , capital (architecture) , gross fixed capital formation , stock (firearms) , fixed capital , public capital , economics , transport infrastructure , capital formation , public infrastructure , business , regional science , public economics , macroeconomics , financial capital , economic growth , geography , human capital , political science , public fund , engineering , transport engineering , public investment , gross domestic product , archaeology , paleontology , law , biology
Series of disaggregated capital formation in the New Zealand public sector prior to 1950 remain scarce despite thirty years having passed since the series for the period 1871–1900 were compiled by J.A. Dowie. Even within his series there can be problems utilizing the estimates because of the aggregated nature of some outlay categories. The capital stock series are more deficient, reflecting methodological problems with the preparation of such series from capital formation data. Using the Dowie series as a point of reference this article focusses on one important area of public capital stock, transport infrastructure. The resulting estimates allow some exploration of public policies in respect of the provision of transport infrastructure.