Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach
Pieri, Fabio and Vecchi, Michela and Venturini, Francesco (2017) Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach. Working Paper. Universita' degli Studi di Trento.
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Abstract
This study explores the channels through which technological investments affect productivity performance of industrialized economies. Using a Stochastic Frontier Model (SFM) we estimate the productivity effects of R&D and ICT for a large sample of OECD industries between 1973 and 2007, identifying four channels of transmission: input accumulation, technological change, technical efficiency and spillovers. Our results show that ICT has been particularly effective in reducing production inefficiency and in generating inter-industry spillovers, while R&D has raised the rate of technical change and favoured knowledge spillovers within sectors. We also quantify the contribution of technological investments to output and TFP growth documenting that R&D and ICT accounted for almost 95% of TFP growth in the OECD area.
Item Type: | Monograph (Working Paper) |
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Additional Information: | DEM Working Papers: N. 2017/13 |
Research Areas: | A. > Business School > Economics |
Item ID: | 23043 |
Notes on copyright: | Full text reproduced with permission of Department of Economics and Management, University of Trento |
Useful Links: | |
Depositing User: | Michela Vecchi |
Date Deposited: | 28 Nov 2017 12:54 |
Last Modified: | 05 Sep 2018 17:31 |
URI: | http://eprints.mdx.ac.uk/id/eprint/23043 |
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