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The contribution of publicly provided inputs to states' economies

AuthorsGarcia-Milà, Teresa; McGuire, T. J.
Issue Date1992
CitationRegional Science and Urban Economics 22(2): 229-241 (1992)
AbstractWe 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. © 1992.
Identifiersdoi: 10.1016/0166-0462(92)90013-Q
issn: 0166-0462
Appears in Collections:(IAE) Artículos
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