Government production of investment goods and aggregate labor productivity
In this paper, I estimate the impact on aggregate labor productivity of having government, rather than private industry, produce investment goods. This policy was pursued to varying degrees by Egypt, India, and Turkey, among others. The policy has a large impact because there is both a direct effect...
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| Veröffentlicht in: | Journal of monetary economics 2001-02, Vol.47 (1), p.163-187 |
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| container_title | Journal of monetary economics |
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| creator | Schmitz, James A |
| description | In this paper, I estimate the impact on aggregate labor productivity of having government, rather than private industry, produce investment goods. This policy was pursued to varying degrees by Egypt, India, and Turkey, among others. The policy has a large impact because there is both a
direct effect (it lowers productivity in the investment sector) and a secondary effect (it lowers the economy-wide capital stock per worker). I estimate that this policy alone reduced Egypt's aggregate productivity by 30% and accounted for 20% of Egypt's aggregate labor productivity gap with the United States during the 1960s. |
| doi_str_mv | 10.1016/S0304-3932(00)00050-7 |
| format | Article |
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| ispartof | Journal of monetary economics, 2001-02, Vol.47 (1), p.163-187 |
| issn | 0304-3932 1873-1295 |
| language | eng |
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| source | RePEc; Access via ScienceDirect (Elsevier) |
| subjects | Aggregate productivity Economic models Economic theory Government production Government spending Impact analysis Investment goods Investments Labor productivity Labour productivity Manycountries Mathematical economics Monetary economics Production functions Public enterprises Public sector Studies |
| title | Government production of investment goods and aggregate labor productivity |
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