GTAP Resources: Resource Display
| GTAP Resource #1928 |
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"New evidences on the link between public capital and economic growth from a small island economy " by Khadaroo, Ahmad Jameel and Boopen Seetanah Abstract The contribution of public capital on economic growth has been the focus of only few studies and has to date focused mainly on developed countries. Moreover it is only lately that the link has been analysed in a dynamic framework, allowing for feedback effects. The empirical literature has hardly dealt with small economies such as Mauritius. The present paper builds on a production function approach, using a unique time series dataset over the period 1950 – 2000, to derive the association between public capital and economic performance for Mauritius. Given the non-stationary characteristics of the data, a vector-error-correction mechanism (VECM) is used to model the dynamics. Public capital is shown to have significantly contributed to Mauritian economic performance over the period of study, though to a lesser extent as compared to private capital stock. Moreover futher studies using causality and impulse response analysis suggest that there may be indirect effects via private capital accumulation as well. |
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Public Access  2006 Conference Paper (317.4 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
