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The Contribution of Publicly Provided Inputs to States' Economies, Regional Science and Urban Economics

Abstract

We specify a regional production function that, in addition to labor and private capital, includes two publicly provided inputs highways and education. We employ a panel data set consisting of annual observations on the 48 contiguous states from 1969 to 1983 to estimate input elasticity coefficients under a specification that allows for differences over time and across states. We find that both of the publicly provided inputs have a significant and positive effect on output. Our results support the policy conclusion that publicly provided infrastructure is an important element of economic growth.

Type

Article

Author(s)

Therese J. McGuire, Teresa Garcia-Mila

Date Published

1992

Citations

McGuire, J. Therese, and Teresa Garcia-Mila. 1992. The Contribution of Publicly Provided Inputs to States' Economies. Regional Science and Urban Economics. 22(2): 229-241.

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