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The Marginal Product of Capital, Capital Flows, and Convergence [PDF]

open access: possibleAmerican Economic Review, 2010
into physical capital in a number of countries. However, the gains are found to be quite small.
Sirsha Chatterjee, Kanda Naknoi
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Public Capital and Private Productivity [PDF]

open access: possibleReview of Economics and Statistics, 1997
This paper uses three different approaches to investigate whether the declining provision of public capital is a major cause of declining labor productivity.
Wim P. M. Vijverberg   +2 more
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The Role of Public Capital in Production

The Review of Economics and Statistics, 1992
The impact of the stock of public capital on costs of production in the private sector is examined using annual data over the period 1958-89. A translog cost function is estimated and public capital is found to be a significant input. The estimates indicate that public capital has positive marginal product and that private and public capital are ...
Lynde, Catherine, Richmond, James
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Capital as a Factor of Production

1987
The role played by capital in production has frequently been in dispute: ‘When economists reach agreement on the theory of capital they will shortly reach agreement on everything else’ (Bliss, 1975, p. vii). Disagreements are due as much to divergent definitions, or uses, of the term ‘capital’ as to different views about what should be considered a ...
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