We see ICT spillovers everywhere but in the econometric evidence: a reassessment

Marsh, Ian William and Rincon-Aznar, Ana and Vecchi, Michela and Venturini, Francesco (2017) We see ICT spillovers everywhere but in the econometric evidence: a reassessment. Industrial and Corporate Change . ISSN 0960-6491 (Published online first)

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Abstract

Using company-level data for the US we study the productivity effects of knowledge spillovers, induced by the diffusion of ICT in the markets where companies operate. We adopt multiple spillover proxies and account for firms' absorptive capacity and lagged effects. Our results show that intra-industry ICT spillovers have a contemporaneous negative effect while the impact of inter-industry spillovers is positive. The overall productivity effect of ICT is negative, except for those companies with a strong absorptive capacity. However, after a 5-year lag the overall spillover effect turns positive while the role of absorptive capacity diminishes as a consequence of decreasing learning costs and more accessible technology.

Item Type: Article
Keywords (uncontrolled): Productivity, ICT Spillovers, Absorptive Capacity, R&D
Research Areas: A. > Business School > Economics
Item ID: 21090
Notes on copyright: This is a pre-copyedited, author-produced version of an article accepted for publication in Industrial and Corporate Change following peer review. The version of record Ian William Marsh, Ana Rincon-Aznar, Michela Vecchi, Francesco Venturini; We see ICT spillovers everywhere but in the econometric evidence: a reassessment. Ind Corp Change 2017 dtx008. doi: 10.1093/icc/dtx008 is available online at: https://doi.org/10.1093/icc/dtx008
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Depositing User: Michela Vecchi
Date Deposited: 13 Jan 2017 12:13
Last Modified: 27 Mar 2017 10:23
URI: http://eprints.mdx.ac.uk/id/eprint/21090

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