Publications

BibTex format

@article{Corrado:2017:10.1111/roiw.12325,
author = {Corrado, C and Haskel, J and Jona-Lasinio, C},
doi = {10.1111/roiw.12325},
journal = {Review of Income and Wealth},
pages = {s355--s380},
title = {Public intangibles: the public sector and economic growth in the SNA},
url = {http://dx.doi.org/10.1111/roiw.12325},
volume = {63},
year = {2017}
}

Download

RIS format (EndNote, RefMan)

TY  - JOUR
AB  - This paper sets out a framework for analyzing the impact of public investments on industry-level productivity and economic growth.  The concept of capital in the public sector is broad-ened  from  that  which  is  mostly  tangible  (e.g.,  physical  infrastructure)  to  that  which  alsoincludes intangibles and long-lasting societal assets.  For the analysis of public investments,we find that in addition to expanding the asset boundary, national accounts also need to:  (a)impute a net return to government and other nonmarket capital—or provide industry-leveldata  by  institutional  sector  of  origin,  allowing  researchers  to  do  so;  (b)  include  all  publicpayments to industry in industry-level gross operating surplus (i.e., all subsidies, productionand  product,  and  the  annuity  value  of  investment  grants);  and  (c)  provide  crosswalks  forkey components of government expenditure by function of government (e.g., public funds forextramural R&D or worker training) to kind-of-activity classifications used for industries.
AU  - Corrado,C
AU  - Haskel,J
AU  - Jona-Lasinio,C
DO  - 10.1111/roiw.12325
EP  - 380
PY  - 2017///
SN  - 1475-4991
SP  - 355
TI  - Public intangibles: the public sector and economic growth in the SNA
T2  - Review of Income and Wealth
UR  - http://dx.doi.org/10.1111/roiw.12325
UR  - http://hdl.handle.net/10044/1/44163
VL  - 63
ER  -

Download

ProfessorJonathanHaskel

Contact

Assistant

Location

Summary

Citation

BibTex format

RIS format (EndNote, RefMan)