首页 | 本学科首页   官方微博 | 高级检索  
     


Public Sector Capital and the Production Efficiency of U.S. Regional Manufacturing Industries
Authors:Sangho Kim,&   Young Hoon Lee
Affiliation:Honam University, Kwangju,;Hansung University, Seoul
Abstract:This paper applies a stochastic frontier production model with time-varying technical efficiency to investigate the relationship between public capital and technical efficiency. It is based on the proposition that public capital has an effect on actual output by enhancing technical efficiency, thereby reducing the gap between maximum potential output and actual output. Empirical results using panel data from U.S. state manufacturing industries during 1969–86 show that technical efficiencies varied substantially, both between states and between years; variations in technical efficiency are significantly explained by variations in public-sector capital.
JEL Classification Numbers: O20, H54, C23.
Keywords:
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号