지역의 사회간접자본과 생산의 효율성
Public Infrastructure and Production Efficiency in Regional Economy
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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.
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.
참고문헌 (34)
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