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STATE-LEVEL CAPITAL AND INVESTMENT: UPDATES AND IMPLICATIONS
被引：24
|作者：
Yamarik, Steven
[1
]
机构：
[1] Calif State Univ Long Beach, Dept Econ, Long Beach, CA 90840 USA
关键词：
PANEL-DATA;
ECONOMIC-GROWTH;
SPECIFICATION;
EMPIRICS;
MODELS;
TESTS;
SOLOW;
D O I：
10.1111/j.1465-7287.2011.00282.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper presents state-by-state capital stock and gross investment estimates for 19902007. I follow the methodology of Garofalo and Yamarik (The Review of Economics and Statistics, 84, 2002, 31623) and apportion the national capital stock to the individual states using one-digit NAICS income data. I then test the soundness of the data by estimating a CobbDouglas production function and a Solow growth model using a variety of panel data estimators. Under both models, I obtain estimates of the output elasticity for capital that are plausible and close to the observed national income share of one-third. (JEL O47, O51, R11)
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页码：62 / 72
页数：11
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