Abstract
We specify a regional production function that, in addition to labor and private capital, includes two publicly provided inputs - highways and education. We employ a panel data set consisting of annual observations on the 48 contiguous states from 1969 to 1983 to estimate input elasticity coefficients under a specification that allows for differences over time and across states. We find that both of the publicly provided inputs have a significant and positive effect on output. Our results support the policy conclusion that publicly provided infrastructure is an important element of economic growth.
Original language | English (US) |
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Pages (from-to) | 229-241 |
Number of pages | 13 |
Journal | Regional Science and Urban Economics |
Volume | 22 |
Issue number | 2 |
DOIs | |
State | Published - Jun 1992 |
ASJC Scopus subject areas
- Economics and Econometrics
- Urban Studies