Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233271 
Year of Publication: 
2009
Series/Report no.: 
Discussion paper No. 55
Publisher: 
Aboa Centre for Economics (ACE), Turku
Abstract: 
This paper summarizes previous results on the productivity of public capital. In recent literature, Aschauer's (1989) estimate for the productivity of public capital is often considered too high and the size of the effect is still open to debate. However, the positive effect of public capital on the productivity of the private sector is quite widely accepted.
Subjects: 
Public capital
public investments
productivity
JEL: 
H11
H54
Document Type: 
Working Paper

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