II. Regional production functions and social overhead capital: An analysis of the Japanese case

Public Transportation Investments and Economic Growth in Turkey

“…Equation (1) shows the production function. (Mera, 1973;Da Silva Costa et al 1987;Bergman and Marom, 1993;Harmatuck, 1996;Sturm et al 1999;Njoh, 2000;Ghafoor and Yorucu, 2002;HerranzLoncan, 2007). On the other hand, the production function can be defined differently, as in equation (2) (Ratner, 1983;Aschauer, 1989;Ram and Ramsey, 1989;Munnell and Cook, 1990;Tatom, 1993;Garcia-Mila et al 1996;Pereira and Andraz, 2005 …”

Public Spending on Transport Infrastructure and Economic Growth in Nigeria, 1981-2010

“…The attempt to measure empirical relationship between growth in infrastructure and total economic growth using macroeconomic model started with Mera (1973), Ratner (1983) and Biehi (1986). Though the early analytical explorations of the contributions of public infrastructure to economic productivity can be traced to scholars mentioned above, it was the study carried out by Aschauer (1989) on the economic contribution of public investment, of which transport capital forms part for the G7 countries using panel data for the period 1966-1985 that drew the attention of mainstream economists and policy personnel.…”

An Empirical Analysis of Cash Crop Production, Transport and the Nigerian Economy

“…Antle found a strong and positive relationship between the level of infrastructure and aggregate productivity. Mera (1973), Ratner (1983) , Biehi (1986), Aschauer (1989), Binswanger et al (1987), Binswanger et al (1989), Easterly and Rebelo (1993), and Baffes and Shah (1993) also found transportation infrastructure as an effective factor of production. Thus, Aschauer (1989), investigated the role of infrastructure in development process based on the United States, he argued that nonmilitary public investment is far more important in increasing aggregate productivity than military spending.…”