2002
DOI: 10.1007/s001680100068
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Duality theory and cost function analysis in a regional context: the impact of public infrastructure capital in the Greek regions

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Cited by 20 publications
(9 citation statements)
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References 37 publications
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“…Overall with respect to the cost of production, infrastructure capital is cost-reducing, as a 1 percent increase in infrastructure capital decreases cost by 0.16 percent. These results are consistent with other studies pertaining to manufacturing industries in many countries that relate infrastructure to production cost (see Seitz and Licht (1995) for Germany, Mamuneas (1994, 1996) for the US, Zugasti et al (2001) for Spain and Rovolis and Spence (2002) for Greece).…”
Section: Elasticities Of Factor Demand and Costsupporting
confidence: 93%
“…Overall with respect to the cost of production, infrastructure capital is cost-reducing, as a 1 percent increase in infrastructure capital decreases cost by 0.16 percent. These results are consistent with other studies pertaining to manufacturing industries in many countries that relate infrastructure to production cost (see Seitz and Licht (1995) for Germany, Mamuneas (1994, 1996) for the US, Zugasti et al (2001) for Spain and Rovolis and Spence (2002) for Greece).…”
Section: Elasticities Of Factor Demand and Costsupporting
confidence: 93%
“…Nevertheless, despite the fact that many primal and dual studies report positive effects of infrastructure on economic performance, the literature has not yet been conclusive about the magnitude, even the sign of this effect (Rovolis and Spencer, 2002). The present estimation results provide evidence in favour of a productive public infrastructure as measured by the positive shadow share in most industries, despite some variation in magnitudes.…”
Section: Resultsmentioning
confidence: 99%
“…Despite the numerous studies on the return to public infrastructure, few studies have attempted to measure this return in the case of the Greek economy. Rovolis and Spence (2002), using a cost function specification and focusing on the Greek regional scale, provide significant evidence that public infrastructure makes a positive contribution to manufacturing output, while factor bias effects are also found. In an application for Greek agriculture, Fousekis and Pantzios (2000) opt for a profit function to find that pubic infrastructure enhances productive performance.…”
Section: Introductionmentioning
confidence: 95%
“…Berg & Horrall (2008) assume the following types of regional infrastructure: telecommunications, energy, water or sanitation, and transport. Rovolis & Spence (2002) differentiated two major categories of 'productive' and 'social' infrastructure to categorize public capital. These two types of infrastructure are common with the work by Tiwari (2016) who points out physical (road, energy, water) and social infrastructure (education and health) that may be accompanied by organizational and governance issues, government polices, infrastructure for tourism and financing of infrastructure.…”
Section: Research Questionsmentioning
confidence: 99%