On the Substitution of Private and Public Capital in Production /
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...
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| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2019/232 |
| Accesso online: | Full text available on IMF |