Abstract
A number of studies have attempted to utilize production functions to estimate the contribution of infrastructure to economic development. They postulate a relationship of the following type:
in which Y stands for output, for the entire economy or for a specific sector, for a given year, L for labor; K for the stock of private capital at the beginning of the year; and J for the stock of public capital, i.e., for infrastructure, also at the beginning of the year.
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© 1996 Springer-Verlag Berlin · Heidelberg
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Prud’homme, R. (1996). Assessing the Role of Infrastructure in France by Means of Regionally Estimated Production Functions. In: Batten, D.F., Karlsson, C. (eds) Infrastructure and the Complexity of Economic Development. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-80266-9_3
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DOI: https://doi.org/10.1007/978-3-642-80266-9_3
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