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Infrastructure Productivity with a Long Persistent Effect

https://hiroshima.repo.nii.ac.jp/records/2000323
https://hiroshima.repo.nii.ac.jp/records/2000323
bee1cb96-c966-4828-b5f4-1a253ea0b2d1
名前 / ファイル ライセンス アクション
New-Directions-in-Regional-Economic-Development_chap12.pdf New-Directions-in-Regional-Economic-Development_chap12.pdf (748.5 KB)
Item type デフォルトアイテムタイプ_(フル)(1)
公開日 2023-03-18
タイトル
タイトル Infrastructure Productivity with a Long Persistent Effect
言語 en
作成者 Tsukai, Makoto

× Tsukai, Makoto

ja Tsukai, Makoto

en 塚井, 誠人

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Kobayashi, Kiyoshi

× Kobayashi, Kiyoshi

ja Kobayashi, Kiyoshi

en 小林, 潔司

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アクセス権
アクセス権 open access
アクセス権URI http://purl.org/coar/access_right/c_abf2
権利情報
権利情報 Copyright (c) 2009 Springer
主題
主題Scheme NDC
主題 330
内容記述
内容記述 Appropriate investment and management of infrastructure is an important issue in national or regional planning. Aschauer (1989) reported two important findings: that infrastructure productivity was significantly higher than expected, and that fewer investments in the USA after 1970 would result in less growth of national productivity. Since then, measurement of infrastructure productivity has become a focal issue in national or regional management policy, and a large number of empirical studies have accumulated; see Sturm (1998). An aggregate production function approach for time-series applied in Aschauer's study, however, was criticized by economists, or econometricians. Among the assumptions inherent in the production function approach, "constant return to scale" and "competitive input factor market" are often viewed with suspicion from the viewpoint of the endogenous growth theory by Romer (1986) and Lucus (1988) or from an uncompetitive structure of infrastructure market, respectively. Basu and Fernald (1997) empirically tested these assumptions with the production function approach, based on data from 34 sectors of US industries. They concluded that in some segmented sectors of industry, the constant return to scale assumption was violated but that it held true in most sectors. Holtz-Eakin and Lovely (1996) analyzed the effect of infrastructure on economic activities by using a general equilibrium system explicitly considering scale economies. They showed that infrastructure decreases the input factor cost, increases the variety of industries, and increases the number of newly founded companies. Haughwout (2002) applied the spatial equilibrium theory considering regional monopolistic power over input factor market, and measured infrastructure productivity. This study showed that infrastructure provided significant marginal benefit on regional economic activities. Most studies have reported that there is a positive production/cost reduction effect caused by infrastructure, but unfortunately, some s
言語 en
出版者
出版者 Springer
言語
言語 eng
資源タイプ
資源タイプ識別子 http://purl.org/coar/resource_type/c_2f33
資源タイプ book
出版タイプ
出版タイプ AO
出版タイプResource http://purl.org/coar/version/c_b1a7d7d4d402bcce
関連情報
関連名称 The original publication is available at www.springerlink.com
関連情報
識別子タイプ ISBN
関連識別子 978-3-642-01016-3
関連情報
識別子タイプ ISBN
関連識別子 978-3-642-01017-0
関連情報
識別子タイプ DOI
関連識別子 10.1007/978-3-642-01017-0_12
関連情報
識別子タイプ DOI
関連識別子 http://dx.doi.org/10.1007/978-3-642-01017-0_12
収録物識別子
収録物識別子タイプ ISSN
収録物識別子 1430-9602
収録物識別子
収録物識別子タイプ NCID
収録物識別子 BA26017851
収録物識別子
収録物識別子タイプ NCID
収録物識別子 BA91155397
開始ページ
開始ページ 197
書誌情報 New Directions in Regional Economic Development
New Directions in Regional Economic Development

p. 197-219, 発行日 2009-07-28
旧ID 28883
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