English, Article edition: Public Capital Formation  and Labor Productivity Growth in Argentina Ramirez, M.D.

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/160146
Physical Description
  • article
Language
  • English

Edition details

Title
  • Public Capital Formation  and Labor Productivity Growth in Argentina
Author
  • Ramirez, M.D.
Physical Description
  • article
Notes
  • This paper addresses the important question of whether public investment spending on economic infrastructure enhances economic growth and labor productivity in Argentina. Following the lead of the endogenous growth literature, it presents a simple modified production function that explicitly includes the positive or negative externality effects generated by public investment. Using cointegration analysis, the paper estimates a dynamic labor productivity function for the 1960-2005 period that incorporates the impact of public and private investment spending and the labor force (rather than the rate of population growth). The results suggest that (lagged) increases in public investment spending on economic infrastructure(as opposed to overall public investment spending( have a positive and significant effect on the rate of labor productivity growth. In addition, the model is estimated for a shorter period (1970-2005) to capture the impact of foreign direct investment. The estimates suggest that foreign direct investment spending has a lagged positive and significant impact on labor productivity growth, while increases in the labor force have a negative effect . Thus, the findings call into question the politically expedient policy in many Latin American countries, including Argentina during the 1990s, of disproportionately reducing public capital expenditures to meet reductions in the fiscal deficit as a proportion of GDP.
  • RePEc:eaa:aeinde:v:9:y:2009:i:1_10
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment