scholarly journals Pattern of Public and Private Capital Formation in Agriculture in Karnataka

2018 ◽  
Vol 7 (08) ◽  
pp. 4469-4477
Author(s):  
K. Shruthi ◽  
Amrutha T. Joshi ◽  
G.M. Hiremath ◽  
Suresh S. Patil
Keyword(s):  
Capital Formation ◽  
Private Capital ◽  
Public And Private

Australian Public and Private Capital Formation, 1901–75

1981 ◽  
Vol 57 (4) ◽  
pp. 354-367 ◽  
Author(s):  
A. BARNARD ◽  
N. G. BUTLIN
Keyword(s):  
Capital Formation ◽  
Private Capital ◽  
Public And Private

scholarly journals On the Substitution of Private and Public Capital in Production

2019 ◽  
Vol 19 (232) ◽  
Author(s):  
Zidong An ◽  
Alvar Kangur ◽  
Chris Papageorgiou
Keyword(s):  
Production Function ◽  
Public Capital ◽  
Physical Capital ◽  
Elasticity Of Substitution ◽  
Point Estimate ◽  
Private Capital ◽  
Public And Private ◽  
Macroeconomic Models ◽  
Private And Public ◽  
Penn World Table

Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect substitutes. In this paper we test this assumption by estimating a nested-CES production function whereas the two types of capital are considered separately along with labor as inputs. The estimation is based on our newly developed dataset on public and private capital stocks for 151 countries over a period of 1960-2014 consistent with Penn World Table version 9. We find evidence against perfect substitutability between public and private capital, especially for emerging and LIDCs, with the point estimate of the elasticity of substitution estimated closely around 3.

The Effect of Public Capital on Aggregate Output

2013 ◽  
Vol 64 (1) ◽  
pp. 51-72
Author(s):  
Jan-Erik Wesselhöft
Keyword(s):  
Dynamic Effect ◽  
High Growth ◽  
Public Capital ◽  
Oecd Countries ◽  
Crowding Out ◽  
Private Capital ◽  
Large Set ◽  
Public And Private ◽  
Long Run ◽  
Positive Effect

Abstract Based on new estimates of public and private capital stocks for 22 OECD countries we study the dynamic effect of public capital on the real gross domestic product using a vector autoregression approach. Whereas most former studies put effort on examining the effects of public capital in a single country, this paper covers a large set of OECD countries. The results show that public capital has a positive effect on output in the short-, medium- and long-run in most countries. In countries where the effect is negative, possible explanations as the different productivities of investments, crowding out or high growth rates of government debt are analyzed.

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