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We replicate the results of the landmark paper by Aschauer (1989) on the impact of public capital on the US economy. We obtained data from his stated sources and followed… Click to show full abstract
We replicate the results of the landmark paper by Aschauer (1989) on the impact of public capital on the US economy. We obtained data from his stated sources and followed his exact methods and are able to replicate his main results. We also extend his data to the period 1949 to 2015, use different data sources, DOLS and VECM estimation, and Granger causality tests. We are again able to replicate his results. Please see the longer version of our article for details.
Keywords:
productive journal;
replication public;
journal monetary;
expenditure productive;
public expenditure;
economics
Journal Title: Public Finance Review
Year Published: 2019
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Journal Title: Public Finance Review
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!