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  • 标题:Demystifying the Supply of Capital and Labour in a Nation’s Economic Chain
  • 本地全文:下载
  • 作者:Jie Zhou ; David Picken ; Chunlu Liu
  • 期刊名称:Journal of Sustainable Development
  • 印刷版ISSN:1913-9063
  • 电子版ISSN:1913-9071
  • 出版年度:2010
  • 卷号:3
  • 期号:4
  • 页码:30
  • DOI:10.5539/jsd.v3n4p30
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    Public capital has been considered to be the wheels of economic activit y in a nation or region. The reverse effect, the contribution of economic grow th to public capital, is also worth analysis. The non-structural vector auto-regression (VAR) approach is performed for the Australian economy using yearly data for the 1960-2008 period. The optimal lag is investigate d to build the VAR model that is then tested for stability. The impulse response function is further employed to examine the response of one economic variable to the innovation of others and to determine the lagged terms for the maximum absolute value of the other variables’ responses. The results will provide historical evidence for the federal and regional governments of Australia to estimat e the effects of these production variables, in particular, the effect of infrastructure spending on the gross domestic product.

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