83
Views
4
CrossRef citations to date
0
Altmetric
Original Articles

Public capital and productivity: a nonstationary panel analysis

Pages 95-99 | Published online: 27 Nov 2007

References

  • Ai , C and Cassou , SP . 1997 . On public capital analysis with state data . Economics Letters , 57 : 209 – 12 .
  • Asako , K , Tsuneki , A , Fukuda , S , Teruyama , H , Tsukamoto , T and Sugiyama , M . 1994 . Productivity of government capital and welfare evaluation of government investment policy , Economic Analysis No. 135. . In Japanese
  • Choi , I . 2001 . Unit root tests for panel data . Journal of International Money and Finance , 20 : 249 – 72 .
  • Choi , I . 2004 . “ Nonstationary panels. Manuscript prepared for ” . In Palgrave Handbook of Econometrics: Econometric Theory Vol. 1 ,
  • Doi , T . 2002 . Regional Perspectives of Japanese Economy and Fiscal Policy , Tokyo : Mitsubishi Economic Research Institute . In Japanese
  • Garcia-Milà , T , McGuire , TJ and Porter , RH . 1996 . The effect of public capital in state-level production functions reconsidered . Review of Economics and Statistics , 78 : 177 – 80 .
  • Gramlich , EM . 1994 . Infrastructure investment: a review essay . Journal of Economic Literature , 32 : 1176 – 96 .
  • Hadri , K . 2000 . Testing for stationarity in heterogeneous panel data . Econometrics Journal , 3 : 148 – 61 .
  • Hayashi , M . 2002 . Productivity of public capital and simultaneity . ESRI Discussion Paper Series No. 21 (In Japanese)
  • Holtz-Eakin , D . 1994 . Public-sector capital and the productivity puzzle . Review of Economics and Statistics , 76 : 12 – 21 .
  • Im , KS , Pesaran , MH and Shin , Y . 2003 . Testing for unit roots in heterogeneous panels . Journal of Econometrics , 115 : 53 – 74 .
  • Iwamoto , Y , Ouchi , S , Takeshita , S and Bessho , T . 1996 . Productivity of public capital and its regional allocation . Financial Review , 41 : 27 – 52 . (In Japanese)
  • Kao , C and Chiang , M-H . 2000 . “ On the estimation and inference of a cointegrated regression in panel data ” . In Advances in Econometrics 15 , Edited by: Baltagi , BH . 179 – 222 . New York : JAI press .
  • Mark , NC and Sul , D . 2003 . Cointegration vector estimation by panel DOLS and long-run money demand . Oxford Bulletin of Economics and Statistics , 65 : 655 – 80 .
  • Pedroni , P . 2000 . “ Fully modified OLS for heterogeneous cointegrated panels and the case of purchasing power parity ” . In Advances in Econometrics 15 , Edited by: Baltagi , BH . 93 – 130 . New York : JAI press .
  • Phillips , PCB and Moon , HR . 1999 . Linear regression limit theory for nonstationary panel data . Econometrica , 67 : 1057 – 111 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.