Productivity Growth and Public Sector Employment

Our model endogenizes the share of public sector employment in a neoclassical growth model. Under the assumptions that public sector production is labor intensive and the elasticity of substitution between capital and labor is less than one, the public share of employment is shown to decline with a...

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Main Authors:	HO, Kong Weng, HOON, Hian Teck
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 1998
Subjects:	Economics Growth and Development Public Economics
Online Access:	https://ink.library.smu.edu.sg/soe_research/1653 https://ink.library.smu.edu.sg/context/soe_research/article/2652/viewcontent/ProductivityGrowth_PublicSector_1998_pv.pdf
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.soe_research-2652
record_format	dspace
spelling	sg-smu-ink.soe_research-26522022-01-05T07:08:59Z Productivity Growth and Public Sector Employment HO, Kong Weng HOON, Hian Teck Our model endogenizes the share of public sector employment in a neoclassical growth model. Under the assumptions that public sector production is labor intensive and the elasticity of substitution between capital and labor is less than one, the public share of employment is shown to decline with a rise in capital per effective worker. Our theory predicts that periods of high productivity growth are associated with a rising trend of the public share of employment. This prediction conforms well with U.S. experience from 1950–1995. 1998-10-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1653 info:doi/10.1177/056943459804200207 https://ink.library.smu.edu.sg/context/soe_research/article/2652/viewcontent/ProductivityGrowth_PublicSector_1998_pv.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economics Growth and Development Public Economics
institution	Singapore Management University
building	SMU Libraries
continent	Asia
country	Singapore Singapore
content_provider	SMU Libraries
collection	InK@SMU
language	English
topic	Economics Growth and Development Public Economics
spellingShingle	Economics Growth and Development Public Economics HO, Kong Weng HOON, Hian Teck Productivity Growth and Public Sector Employment
description	Our model endogenizes the share of public sector employment in a neoclassical growth model. Under the assumptions that public sector production is labor intensive and the elasticity of substitution between capital and labor is less than one, the public share of employment is shown to decline with a rise in capital per effective worker. Our theory predicts that periods of high productivity growth are associated with a rising trend of the public share of employment. This prediction conforms well with U.S. experience from 1950–1995.
format	text
author	HO, Kong Weng HOON, Hian Teck
author_facet	HO, Kong Weng HOON, Hian Teck
author_sort	HO, Kong Weng
title	Productivity Growth and Public Sector Employment
title_short	Productivity Growth and Public Sector Employment
title_full	Productivity Growth and Public Sector Employment
title_fullStr	Productivity Growth and Public Sector Employment
title_full_unstemmed	Productivity Growth and Public Sector Employment
title_sort	productivity growth and public sector employment
publisher	Institutional Knowledge at Singapore Management University
publishDate	1998
url	https://ink.library.smu.edu.sg/soe_research/1653 https://ink.library.smu.edu.sg/context/soe_research/article/2652/viewcontent/ProductivityGrowth_PublicSector_1998_pv.pdf
_version_	1770572461359759360

Productivity Growth and Public Sector Employment

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