English, Article edition: Do government expenditures increase private sector productivity?: Cross-country evidence Reino Hjerppe; Pellervo Hämäläinen; Jaakko Kiander; ...

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Bookmark: http://trove.nla.gov.au/version/29740
Physical Description
  • article
Language
  • English

Edition details

Title
  • Do government expenditures increase private sector productivity?: Cross-country evidence
Author
  • Reino Hjerppe
  • Pellervo Hämäläinen
  • Jaakko Kiander
  • Matti Viren
Physical Description
  • article
Notes
  • Purpose – To analyse productivity of public expenditures; especially to find out the effect of human capital investment on private sector productivity. Design/​methodology/​approach – Several measures of public sector capital stock are constructed. These measures are used in testing the effects on private sector productivity. Empirical analysis makes use of cross-country panel data and utilizes various panel econometric methods. Findings – The main finding is that public sector capital has a positive impact on private sector productivity. Some evidence is provided to the hypotheses that also human capital that is generated within the public sector increases private sector productivity. Research limitations/​implications – There are a lot of measurement problems with the cross-country data. Also the non-stationarity of data creates some estimation problems. These may have some impact on the quantitative, but perhaps not on qualitative, nature of results. Originality/​value – Relatively few analysis have made in this area; this is true in particular with comparative (cross-country) analysis.
  • Capital growth, Private sector organizations, Productivity rate, Public sector accounting
  • RePEc:eme:ijsepp:v:34:y:2007:i:5:p:345-360
Language
  • English
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