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Public Infrastructure and Production Efficiency in Regional Economy

KIM, ILTAE 1 김봉진 2

1전남대학교
2전남발전연구원

Accredited

ABSTRACT

This paper examines output elasticity and production efficiency of public infrastructure in korean metropolitan city-do during 1989~2006. This paper uses panel data analysis to estimate output elasticity and stochastic production frontier analysis to measure technical inefficiency. First of all, we show that the value of estimated elasticity of public infrastructure are very low. This implies that public infrastructure plays little role as a direct input in an average production function. On the other hand, in stochastic production frontier analysis, the extent of technical inefficiency is negatively related to public infrastructure and then public infrastructure reduces technical inefficiency in gross regional domestic product.

Citation status

* References for papers published after 2022 are currently being built.