Assessing the Productivity of Public Capital with a Locational Equilibrium Model
نویسندگان
چکیده
This paper employs Roback’s locational-equilibrium model of public-goods pricing, crosssectional data from the Census of Population and Housing, and SMSA-level estimates of public capital stocks in order to examine the productive contribution of public capital. I find that public capital has a small positive impact on private output. JEL classification codes: E62, R53
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تاریخ انتشار 2000