The effects of public spending composition on firm productivity


Kneller, Richard ; Misch, Florian


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URL: https://ub-madoc.bib.uni-mannheim.de/33281
URN: urn:nbn:de:bsz:180-madoc-332818
Document Type: Working paper
Year of publication: 2013
The title of a journal, publication series: ZEW Discussion Papers
Volume: 13-014
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: D24 , H32 , H72 , O12,
Keywords (English): Public spending composition , productive public spending , firm productivity
Abstract: This paper exploits the unique institutional features of South Africa to estimate the impact of provincial public spending on health, edu- cation and transport on firm productivity. Our identification strategy is based on within industry-province differences between firms of the effects of public spending. We show that public spending composi- tion affects firm productivity depending on the capital intensity of firms relative to the province-industry mean. Our data and empir- ical specification allow us to rule out that these results are affected by econometric problems that are commonly encountered when es- timating the effects of fiscal policy and by unobserved industry- or province-specific productivity shocks. In contrast to related existing microeconomic evidence, we take into account the government budget constraint so that our results have clear policy implications.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Kneller, Richard ; Misch, Florian (2013) The effects of public spending composition on firm productivity. Open Access ZEW Discussion Papers Mannheim 13-014 [Working paper]
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