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- Title
Measuring the Contribution of Public Infrastructure Capital in Sweden.
- Authors
Berndt, Ernst R.; Hansson, Bengt
- Abstract
Our purpose is to examine ways of evaluating and measuring the contribution of public infrastructure capital to private sector output and productivity growth in Sweden. We do this by specifying and implementing empirically a number of alternative economic models, using annual data for Sweden from 1960 and 1988. Applying a dual cost function approach, we find that increases in public infrastructure capital that would rationalize the cost savings incurred by the private business and manufacturing sectors, and find that the amount that can be rationalized in this manner is less than what was in fact available in 1988, but that the extent of excess public infrastructure capital has been falling in the 1980s.
- Subjects
SWEDEN; CAPITAL; INFRASTRUCTURE (Economics); PRIVATE sector; INDUSTRIAL productivity; PRODUCTION (Economic theory)
- Publication
Scandinavian Journal of Economics, 1992, Vol 94, pS151
- ISSN
0347-0520
- Publication type
Article
- DOI
10.2307/3440255