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Public Capital and Private Sector Productivity *
Author(s) -
OTTO GLENN,
VOSS GRAHAM M.
Publication year - 1994
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1994.tb01832.x
Subject(s) - productivity , production (economics) , private sector , public capital , investment (military) , business , capital (architecture) , private capital , private investment in public equity , public sector , total factor productivity , capital investment , economics , public investment , public economics , economic policy , finance , economy , economic growth , private equity firm , macroeconomics , political science , private equity , history , archaeology , politics , law
The role of public services in private production is quantified for the Australian economy over the period 1966/67–1989/90. Public capital is shown to have a significant and positive impact on private production and private total factor productivity. The extent to which these results can contribute towards the debate about appropriate levels of public investment is also considered.