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Infrastructure and Public R&D Investments, and the Growth of Factor Productivity in US Manufacturing Industries / M. Ishaq Nadiri, Theofanis P. Mamuneas.
- Format:
- Book
- Author/Creator:
- Nadiri, M. Ishaq.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4845.
- NBER working paper series no. w4845
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1994.
- Summary:
- In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and productivity performance of twelve two-digit U.S. manufacturing industries. A general framework is developed to measure contribution of demand, relative input prices, technical change, as well as publicly financed capital on total factor productivity growth. The magnitude of the contribution of these sources varies considerably across industries: in some changes in demand dominate while in others changes in technology or relative prices are the main contributors. Publicly financed infrastructure and R&D capital contribute to productivity growth. However, the magnitudes of their contribution vary considerably across industries and on the whole they are not the major contributors to TFP in these industries.
- Notes:
- Print version record
- August 1994.
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