Public infrastructure and productivity growth in Greek agriculture
基于成本函数框架构建希腊农业技术模型，分解生产率增长为技术变化、规模报酬和公共基础设施三部分，发现公共基础设施投资显著促进农业生产率增长，但自1970年代末其影响减弱。
Recent research has focused on the effect of public infrastructure on economic performance. In this paper, a model of Greek agriculture's technology and behaviour is constructed based on the dual cost function framework. The model provides a decomposition of productivity growth into the components technical change, returns to scale, and public infrastructure. The empirical estimates indicate that public infrastructure investment provides a significant return to agriculture and augments productivity growth. Over the period 1960–1995, the impact of public infrastructure on productivity growth in livestock and crop production is found to be positive, although it has been declining since the late 1970s. These results strongly suggest that a decline in public infrastructure investment can partly explain the observed decline in the productivity growth of Greek agriculture in the 1980s.