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The Effects of Public Infrastructure and R&D Capital on the Cost Structure and Performance of U.S. Manufacturing Industries
Open accessAbstract
In this paper we examine the effects of publicly financed infrastructure and R&D capitals on the cost structure and productivity performance of twelve two-digit U.S. manufacturing industries. The results suggest that there are significant productive effects from these two types of capital. Their effects on the cost structure vary across industries. Not only is the cost function shifted downward in each industry, generating productivity inducement, but the factor demand in each industry is also affected by the two types of public capital suggesting bias effects. We also calculate the marginal benefits of the two types of public capital services in each industry and estimate the 'social' rates of return to these capitals for the industries in our sample. Copyright 1994 by MIT Press.
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Citations
Cited by
Roads to Prosperity? Assessing the Link Between Public Capital and Productivity
Fernald, J. G. (1999) · American Economic Review · doi:10.1257/aer.89.3.619 · Cited by 892
Productive government expenditures and long-run growth
Glomm, G., & Ravikumar, B. (1997) · Journal of Economic Dynamics and Control · doi:10.1016/0165-1889(95)00929-9 · Cited by 494
Infrastructure, transport costs and trade
Bougheas, S., Demetriades, P. O., & Morgenroth, E. L. W. (1999) · Journal of International Economics · doi:10.1016/s0022-1996(98)00008-7 · Cited by 493
Absorptive capacity, technological opportunity, knowledge spillovers, and innovative effort
Nieto, M., & Quevedo, P. (2005) · Technovation · doi:10.1016/j.technovation.2004.05.001 · Cited by 490
Sharma, C., & Sehgal, S. (2010) · Indian Growth and Development Review · doi:10.1108/17538251011084446 · Cited by 53
Metadata
- Authors
- Nadiri, M. I., & Mamuneas, T.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1991-10
- OpenAlex
- W3124949684
- Cited by
- 274
- References
- 0
- Type
- report
- Language
- en
- Open access
- green
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- Nadiri, M. I., & Mamuneas, T. (1991). The Effects of Public Infrastructure and R&D Capital on the Cost Structure and Performance of U.S. Manufacturing Industries. National Bureau of Economic Research. https://doi.org/10.3386/w3887
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