“Is Public Capital Productive? New Evidence from American States” - Warsaw Economic Seminars [19.10.2023]

We kindly invite you to take part in the next meeting within the Warsaw Economic Seminars series, organised jointly by the Faculty of Economic Sciences, University of Warsaw and the Warsaw School of Economics.

During the meeting the prof. Steven Yamarik (California State University at Long Beach) will present the research „Is Public Capital Productive? New Evidence from American States” conducted jointly with prof. Makram El Shagi (School of Economics, Henan University), prof. Jarko Fidrmuc (Zeppelin University Friedrichshafen).

The seminar will be held on October 19th 2023 at 5 p.m. in hybrid mode: in room B202 at the Faculty of Economic Sciences (Długa 44/50) and via Zoom platform: https://uw-edu-pl.zoom.us/j/93302281672?pwd=VFg3SVg0clkwOWtHZDNMb2F1TW5Bdz09

Meeting ID: 933 0228 1672

Passcode: 254160

Abstract:

In this paper, we re-examine the productivity of U.S. public capital on private output. We provide updated and improved estimates of state-level public capital data for 1960 to 2020.

We then include public capital and its component parts into a production function. Using conventional, spatial and dynamic hetereogenous panel approaches, we find that public capital has a positive effect on private production. Further testing however reveals that the productive component of public capital has shifted from infrastructure in 1970-85 to health and education in 2000-2020.

The calendar of all seminars within the Warsaw Economic Seminars series is available on the website: https://sites.google.com/site/warsaweconseminars/calendar

The aim of the Warsaw Economic Seminars series is to create a platform for researchers and specialists from all over the world to present their research and share knowledge on economics and economic policy.

The participants can both listen to presentations and take part in discussions and present their own research to get feedback from other researchers and students.